Ann: Recapitalisation Transaction, page-6

Shareholders have seen one of the worst destruction of wealth on the ASX. It is under 10% of it's value 3 years ago. i.e. if you had bought $100k of shares 3 years ago it would be worth 10k now! Like a poor farmer that sells off part of his farm every year to pay the running costs, management have progressively sold the ledgers that are supposed to make them money.

They have tapped the commonwealth for almost $14m of job keeper payments and still managed to lose $15 mil last year. The company was sued and lost.

The CEO took $550k for the privellege of losing you a tonne of money, a position he put the company into.

Anyone who thinks this is a good result should get someone else to manage their money.