You will probably remember we were in a similar situation in...

You will probably remember we were in a similar situation in 2010 when there was a challenge on the KEY board, where Ted simply walked away to minimise disruption to shareholders and also allow him to focus on an IPO of another company.


Hey Roznov, interesting that he left to concentrate on the listing of Peak Oil & Gas, news reports from 13/9/10 indicate that it was a $55m listing.

http://www.theage.com.au/business/peak-could-launch-float-this-week-20100912-156xp.html

Raisama Ltd made a takeover bid for Peak on 26/11/10 valuing the company at $39m. Final takeover obtained 31/3/11 and upon re-listing the shares dropped a third with Raisama continuing to languish.

I've no idea what became of TE as there's no mention of him following the purchase agreement.