It's good question Deveg although it also has to be remembered...

It's good question Deveg although it also has to be remembered that the appointments are all relatively recent as the $150K placement has been allocated today via Wilson HTM it will be interesting to see if new director has taken any under the issue, I guess it would be shown in the near term. You need to look at how the registry is weighted though and the big fish holding the weight - FWIW I'd have to double check but I'm pretty sure the new'ish director Hunt is also on the CVC Limited board so maybe that is where his interest rests ?

Substantial holders & check the pedigree with 55% of the company -

Yahoo! - 32,268,028 - 15.45%

Alcatel-Lucent - 31,828,486 - 15.24%

Telstra - 26,647,612 - 12.76%

CVC Limited - 25,112,307 - 12.03%


Worth thinking about those top 3 holders & how the bold of the proposed move on DealsDirect fits in -


"Founded in 2003, DealsDirect is one of Australia’s leading online retailers having received Canstar’s only 5 star rating for online department stores in 2012 and 2013. With turnover in excess of $60 million in each of the last 3 financial years, more than 10,000 items listed at www.dealsdirect.com.au and more than 1 million subscribers, DealsDirect is well positioned and recognised by customers Australia-wide. The emergence of online retail in Australia continues to disrupt traditional retail channels and in DealsDirect there is significant scale and the opportunity to leverage strong ecommerce capabilities and create value through industry consolidation."