There you have a point in terms of a shareholder rep with his own money in the stock, but how much of the money in the stock is made by him or his brother and how much was made by his father? The way I see it is it was inherited money. They are down on their investment here and they have no one to blame but themselves for the entry price. Once again the board at the time raised money at higher prices. Their market experience isn't much chop sorry to say, just being blunt and what I think. I have criticised past 4c and they've been very positive about them. They've asked me what does it need. And I said revenue simply needs to grow. The 4c growth has been obvious since day one. High in percentage terms in comparison to previous quarters in corresponding terms but poor in dollar terms in comparison to previous quarters.
Ive seen a couple of his investments in equities and they are very poor performers.
Who is Ratty speaking for? Wht top holders votes does he have? I suppose he may have Twiggys and other top WA big fish but maybe they have bigger business interests to deal with and have let Ratty have a play?
It's in Rattys interest to join the board but not necessarily all shareholders.
Now Ratty can be open to performance stock and options which the board can vote on with top holders support and we won't have a say in terms of the clout the top dogs will have.
He has 5%, so he must have support from twiggy. Afterall they got sweeteners from the sabby deal.
Benefit of doubt will have to be applied here again. And given a chance to perform, time will tell.
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