The board took up 31% of the issue - so I think it's reasonable to say that a large chunk of the issue has gone into strong hands.
Particularly pleasing is that chairman David Ashmore put in $100 000, more than trebling his holding in the process.
I doubt very much that it's a coincidence the share price bottomed within 6 months of his arrival. My guess is he's exactly the steady guiding hand the company needs.
The board took up 31% of the issue - so I think it's reasonable...
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