Some observationsCollinton's are converting their interest...

Some observations

Collinton's are converting their interest earning loan of $7Million at $0.015 You wouldn't do this if you suspected the share price to fall further. You would however do this if you felt the share price might appreciate. In converting they lose their priority over ordinary shareholders should the business fail.

Collinton's are underwriting to the tune of $2million. A sizable amount of money to pump into the business.

Wentworth Williamson's are underwriting to the tune of $1.5million. Another sizeable amount.

Billy Blackburn is subscribing for $156,000 worth of shares

Dr Bob Brookins is subscribing for $50,500 worth of shares

Mr Stenson is subscribing for $149,500 worth of shares

That's 4 with direct board involvement and one with indirect board involvement.


Logic tells me the directors are very much putting their money where their mouth is.