Ann: Appointment of Voluntary Administrators, page-42

Paringa dead duck, lost 200k. Vowed to never touch another Middlemass play again.

Since then:
SO4 - liquidation
Pdz- court proceedings
Bky - Uranium and local unrest
Eqx - half the cash reserves gone
Cpl - liquidation

Touching his plays is like putting $50 on red. No in between.

But that’s ok, when driven into the ground and SH’s lose all, rebrand, consolidate, dilute everyone to the hilt and put another junk play in with mgt bonuses and incentives.