Ann: Becoming a substantial holder from SOL, page-13

That is interesting, wouldn't have expected Sol Patts to buy into this one. On the notice one of their purchases says $5,000,000 for 50,000,000 shares on 25/11/2016 (10c per share) - I don't understand how that could be possible, back then the share price was around $6ish. I assume this is an incorrect date, they might need to amend the notice though.

I've long been very sceptical about this company and warned investors on this forum about it prior to all the negative media publicity but got shouted down - it was obvious from the accounts that it was getting very risky.

Re-assessing it now, it is much lower risk than it was post capital raising and debt forgiveness, but have some doubts about the strength of the business to recover - the business model was historically heavily reliant on selling and churning franchises and even then was losing money. It needs to prove that it can be profitable without the revenue from selling and re-selling marginal and non-profitable sites. There will be a lot of work to do to regain trust, although it appears from the outside they are trying to form a better relationship with franchisees. There may be potential here, will keep an eye on it and do some more research.