the truth, page-2

the explanation looks to me as though the board waited for the sp to fall as low as was humanly possible, then strike with a massive rights ensuring that a deal was done to give them a sizeable parcel of 1cps shares amongst themselves.

no way ddt needed $1.7 mill while the sp is so low. they had at least 700k end of december, +300 odd k resolution with the south africans +450k over the next 18 months also with south africans, a new deal providing dots to italians worth $3.9 mill over the next year + a handy ATO return coming soon from right downs in R&D.

this reads as a real scam to me, has done a lot of damage to the company's reputation and longer term prospects but hey, how many directors focus on short term gain in this day and age???