Mate these guys have more wealth than you can poke a stick at...

Mate these guys have more wealth than you can poke a stick at from previous ventures. Their interests should ultimately align with your average EHX shareholder's in the medium to long term. In the short term, they probably have little care for a cheap shell that they have a small amount of their overall wealth in. They have control of the register and it'll be here for them in 1, 6, 12 months time. I'd still lean towards there being a rights issue; both to solidify that register control and also as a gesture to those who were good (silly) enough to back them in on the last 9c CR.