You would never see a start up doing such a down round without the founder getting his ass kicked out the door by investors (not to mention performance rights). The Dr really has really gone too far. This about the shares he sold a couple of weeks back. I bet he cashed out and bought another nice house with his $3M! if this goes on and we do not see revenue I'm calling ASIC. As far as I am concerned they should look into this and determine if the fraud Dr and Brandon should sit behind bars
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Ann: Notice of Annual General Meeting, page-32
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