Whilst we're on the subject of Directors, it has never really been addressed as to what value Andrew Cox brings to the table - he's tipped virtually nothing of his own moolah into the company. It would seem to me he's the reason why they state 'certain directors are expected to participate'... every chance I am missing something, but it just seems bizarre - he collects his $40k a year and does what exactly? His finance expertise certainly hasn't helped so far. Is it just me, or does being a finance professional and NOT investing in a small tech company you sit on the board of just smell really, really off? If I was on the board and was hearing positive things, I would be looking to sink something of my own into it... I feel stupid for ignoring this tbh.
I know this dies if we don't participate, but I just don't see how they get anywhere close to $4m from *eligible* shareholders... not unless (a) something between now and closing date is announced to assuage doubts or (b) the conspiracy angle - that the usual suspects have wind of something and have structured it in a way that allows them to participate in a JUICY deal and also take up the shares the retail mugs were too scared to touch... not saying I believe scenario b (mainly because of the Cox anomaly and the statement that he is not expected to participate) however, if scenario b unfolded, you could guarantee that the scheme would be buried under some laundered paper bag deal via the top 20 superfunds...
Anyway... let's hope (a) eventuates and gives us all a bit of hope and a Lazarus like return to Green. Good luck all.
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