JRI IVZ Fireside Chat - March 26, page-367

A few years ago, IIRC during the covid fall or there abouts, Harvey Norman did a deeply discounted rights issue to pay off debt, or some such. Gerry Harvey, easily the largest shareholder took up his full entitlement, leading from the front and announced it upon the start of the rights issue.

Some people know how to lead from the front, others don't. Scott either doesn't understand market sentiment, or doesn't believe in the project as much as he states.

Matt was too worried about getting Scott to appear again to ask the hard question about the message lack of taking up rights sends.

If the only shareholder that earns money off this investment, being Scott, can't be bothered to put some of that cash back into the company, then why should other people/shareholders be bothered to put anything into the company? That's the attitude of 'the market'.

Scott should also stop telling people how good the project is, because the market clearly no longer believes him. Only facts and details of the 'discovery' count now as the board couldn't be bothered putting in any more funds. This company either is a good buy at 13c or it isn't.

The people that know more about what we have than anyone else, sent a message to the market "we don't think it's a good buy at 13c"!!!

Scott carrying on about where 'they' thought the SP would go after the discovery, with whoever dumping on the liquidity event, is amateur hour stuff. It's the past, it happened. All he can do is try to control the current narrative, by actions and announcements of what we have. He failed to control the narrative by not taking up his entitlements to keep his percentage of 'his' company....