Investor Update, page-97

Did First Cape lend out shares which were used to short ADO? Or were they simply negligent about what the shares were being used for?

Were they ever. and are they truly now, saviours?

At one stage our erstwhile advocate twinvest was furtively investigating. Suddenly silence on the subject and later he became a company Director even though he publicly admitted he wasn't qualified for the role. People seem to think he's great value. (Not me).

Was the problem ever really Bergen, or with governance of ADO at the time, which caught up with them?

The problems emerged at a very late stage. That's the due diligence stage. Surely it's not inconceivable that due diligence forced Bergen as a responsible lender, to raise the cost of the loan?

So many possibilities and unanswered questions other than simply blaming Bergen, or Diasource. Which the mob has always done.

I'm not personally impressed with the antics of First Cape. Nor how if you ask uncomfortable questions, you get smashed by the mob.

Now I'm into exile/irrelevancy status it brings a certain freedom.

Despite colossal misgivings about this company, it still could do a turnaround. But avoiding a consolidation with 1.6 billion shares on issue is not realistic. Let's not kid ourselves.

Am I happy about that? NO.