Just because it was underwritten by Jeremy Baldock does not mean...

Just because it was underwritten by Jeremy Baldock does not mean that all of the money came from WA

Jeremy did fine out of that deal - his fee was about $85,000 + he got 5 million options with an exercise price of 2.5 cents. I expect he has done well out of converting these options.

From the announcements that I could find he also got 5% of the raise in July '15 + another 3 million options.

Presumably he would make the top 10 shareholders if he has exercised and kept them.

As for a bigger effort than Ian Mann - well I think that the facts in the announcements confirm that he did not. Not sure how you could argue otherwise.