"capital requirement beyond the expectations of existing shareholders"
from the person who forecast millions of revenue that failed to eventuate prior to a capital raise.
Shareholder expectation was profitability based on his own forecasts. Fail.
This guy should save us some money, dont bother turning up to the agm just send in the resignation letter.
How could you believe anything out of this guys mouth. Code red was a failure and so was WP strategy.
Him and his 'talent' have sucked millions out of this company to deliver a share price of 3.5c after consolidation and a 50% dilution to keep the lights on to boot.
Wonder what bonus they will pay themselves for the last year.
Ann: Response to ASX Appendix 4C Query, page-71
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