Ann: $5.9m Fully Underwritten Capital Raising to fund Hobart DC, page-50

Yipya is backing Matt M. I don't know if Matt is the right man. I listened to the call he held with shareholders and he did not come across confident at all. However, I think the Hobart investment is the right action, as is the reduction in directors, but I want to see the management put more skin in the game and help finance the business. The spend on the Melbourne lease is an ongoing problem and I hope the CEO can find a tenant, however I wish there could be a way to make the previous CEO accountable as he foolishly got the business into that long term lease/debt. I am holding my shares..no choice, but will I buy more..no.