Prosecution by ASIC, page-20

You seem to be under the impression that Dave is some major fraudster . He was just incompetent that used the age old philosophy of “fake it till you make it”. If people can’t see that they haven’t learnt much and are bound to repeat similar investments in the future. I’d suggest Dave hasn’t come out of this well. Insofar as his investment he had over 10% of the company when it first listed. Now he’s got as much as any current holder.