why would he. He just needed the retail investor float. The recent sale of the accounting software is another small step to strip costs out so that when they sell they only get what they need.
I mean this with respect but why have none of the major shareholders sold. The only way I can see he could get into trouble is if he needs to raise more cash and that's also why I think they would bother with such a small sale.
He'll do the deal and then walk away. This is very well thought out. That's why he's on consulting contracts so that he can't get caught out by the ASX rules on shareholders approving director remuneration - or that is my belief.
The AGM should be interesting. How can a business with a market cap of $40M afford to pay an exec who doesn't even run the business day to day over $1M per year plus options etc.
Nice work if you can get it!
YBR Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
