"Chameleon relisted late last year after a three-year absence from the Australian Securities Exchange after it collapsed in controversial circumstances with claims of unpaid debts and missing money"
http://www.thewest.com.au/default.aspx?MenuID=159&ContentID=52911 In his prime, Smith was a globetrotter of note. But we doubt he ever reached the heights hit by former Perth stockbrokers and renowned party boys, David Evans and Jeremy Snaith.
The intrepid duo were arrested at Abu Dhabi airport after having what we heard was a self-styled pyjama party and alleged encounters with air hostesses in the first-class section of an Etihad Airways flight.
After spending a month in a desert hell-hole jail, the Bananas in Pyjamas were fined and released amid reports by State-owned newsagency WMA that Evans had been convicted of sexual assault and Snaith of sexual harassment.
http://www.smh.com.au/news/business/bananas-head-for-jungle-in-cambodia/2007/07/24/1185043115419.html?s_cid=rss_business Meanwhile, Mr Snaith has sold another $28,000 of Jupiter shares. Jupiter is holding a meeting to vote on ousting Mr Evans and Mr Snaith as directors next month.
http://www.theage.com.au/news/business/peeling-back-the-truth-on-pyjamas-and-going-bananas/2007/06/08/1181089328885.html?page=2 On arrival in Abu Dhabi, the three men were arrested but released on bail. A fortnight later, on May 10, Snaith and Sargent were rearrested because a drug test had returned positive.
Snaith's test showed traces of "cocaine and hashish" — Hill maintains that a mix-up of samples occurred, and the results presented in court were not from his client — while the sleeping pill proved to be Sargent's undoing.
MMX Price at posting:
68.5¢ Sentiment: None Disclosure: Not Held