Melbourne Seminar, page-20

Thanks Buster. I am glad PC said what he did; it is along side my thoughts exactly. You cannot put a price on integrity.

We often like Directors to buy shares in a spec as we want them to be in the same boat as us. That way we feel there is less chance we are being played. But the chances of being played by PC and MR? Zero. And lets not forget, MF needs to perform to get a big chunk of ownership of the business he started.

So many spec plays on the ASX. And so many Directors who I would not touch with a barge pole. And that list is growing by the day, unfortunately.