Jaluma, as you know it would appear that some have been working...

Jaluma, as you know it would appear that some have been working to push this thing down in an attempt to squeeze everyone else off the share register and generate a nice pay day down the track for themselves. Share price has bottomed three times towards 1.2c since late last year, so topping up recently at 1.5c for a relative small % of shares, after having the luxury of entering at a low base long ago, isn't going to break the bank for these guys, irrespective of what reasons they've bought for.

If this hypothesis holds true (nothing we've seen to suggest otherwise), then this has got to be the most stupidest ridiculous move ever. This is instead of building up market cap and credibility to attract more investor support, and take advantage of the extra $2.1m cash from SHPOA (expiring worthless at end of this month) to feed the growth engine. Most of the bridges have now been burnt (previous CRs at 2.3/2.7/3c) and with cash level drifting down these guys are facing further diultion themselves when 1c CR comes along. Instead silly games continue to try push everyone else out so they can consolidate.

Here's a breakdown of board/management past and present:

Carosa - Spend around $150k and added ~1.5% to his now 11% holding of the company. Once again given that he presumably entered SHP 3 years ago at a low base (backing in remains of Eljo/OHKI/Ezydirect, similar to what he's done in CM8 and CL8), adding extra 10% to his holding at 1.5c isn't a real problem. Without buying an ASIC statement to look at who holds shares in Dominet, who knows whether any of the $150k is his own money.

Coppa - Sold around 3m shares from his 1st tranch of earn-out even-money before officially joining the board. Once again, if magical forces continue to push this thing down, he's got more chance of getting future earn-outs or buy on-market at a lower price anyway so no harm selling some of late presumably at 1.5c.

Dickinson - Have been accumulating ~7m shares in the past 12 months, at anywhere between 1.2 and 2c and more recently 1.5c. Let's assume splitting in straight down the middle his average would be around 1.5/1.6c a piece.

Goulopoulos - Has been holding for over a couple of years via his super fund and also under his spouse and family entities. Bought $5k worth of shares so once again if you look at his overall % holding it's negligible.

Crean - Doesn't appear to hold any substantial amount of shares, and all his incentive oppies are well under water at this level. Probably the most unhappy camper of the bunch given that he's the one working on the shop floor day in day out. Likely to cut his losses and find a new job elsewhere if this continues and he's not getting incentivised in any way, apart of earning a lousy $160k salary a year as the CEO of an ASX-listed entity.

Plympton - Doesn't hold any shares and no real skin in the game.

London/Warren - ex-owners of previous businesses and presumably sold out and moved on.

Generally the market gets excited when board/management digs into their personal cash to buy on-market. Instead share price is now 1.3c. Have people finally caught on to the fun and games? You bet. Suffice to say that they're getting desperate as we get closer to the moment of truth ($30m revenue if next acquisition ever comes along, and still no profit at the end and still sitting at a 7m market cap).