Never.
The entire purpose of an ASX small cap is to extract as much money from shareholders as possible before going bust. It makes zero sense for directors to throw away their own money on some crackpot scheme.The product or service offered very rarely has any commercial value. It is just a vehicle to get listed on the ASX to access the wallets of naive retail investors.
Ann: Successful Completion of Retail Entitlement Offer, page-105
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