Strachan Corporate Report, page-11

Doesn’t happen all the time. Some companies do pay for bullish reports like this one, but it’s a red flag for me. Others obviously have a different opinion. I respect that.

I’m not even suggesting the management team (old mates from Pristine Power iirc) are gilding the lily / milking retail holders for all they can. I make no comment about the quantum of their remuneration in comparison to industry peers (or vs results achieved to date)

I don’t engage in that sort of commentary because I don’t know enough about the people involved or the history of the company itself. Current shareholders seem pleased enough with performance to vote in support of the BOD and their salaries. My opinion isn’t relevant

However, to the extent that trust must be earned in the ASX publicly listed space, rather than granted by default, (an investment philosophy I strongly believe in) I would say these people have done very little to earn confidence. Far from it. But I’m just speaking for myself

In any case, the corporate treasury should be well below $2m at this point in time. A CR will be called Soon. Presumably it will need to occur at a bargain basement price considering the very low shareprce and worsening macro sentiment. Let’s hope mgmt doesn’t dilute the registry more than needed