Thanks 043110..... Quest Asset Management obviously has been feeling it is worth averaging down as it is now a substantial holder ..... it says in its website it limits itself to 35 companies...
At 90c it might have been a good buy .....
But I am not sure about the ethics or loyalty of William L Yde III
Here’s another story about him from before the company listed :
https://www.radioinfo.com.au/news/management-shake-australian-traffic-network
As to Radiate - it just sounds a bit suss. Maybe that legal case whatever it was is what caused the whole thing to become worthless and nobody knew about it but that possibly means serious lack of due diligence by Bill Yde on his home turf and also some lack of diligence on behalf of dime of the high profile funds who invested ?
Another old story here https://www.crikey.com.au/2012/06/15/sacked-waxing-traffic-man-says-he-was-a-smooth-operator/
Cheers
Thanks 043110..... Quest Asset Management obviously has been...
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