Ann: Invictus Energy Shareholder Briefing, page-51

@Glish .... "The BoD are doing deals etc and you expect them to buy shares. 100% bet if they did buy you’d all scream “inside information”."

This is just BS.
Do you really think that directors of a junior explorer taking up ZERO entitlement of a right's issue, wouldn't have an effect on the SP??

Directors are fully entitled to take every part of their entitlement in a right's issue, no matter what deals they are doing in the background..

If they thought is was going to be a failure, and send the SP down, with none of them bothering to take up their right's at all, then why hold the right's issue at all?? Why not pull the issue altogether?

To then come out and claim you are taking up the 'shortfall' (or part of), which was IMHO always wrong in the first place, (as in them having the option to do so, and not just taking up the offer in the first place), because it allowed them to do 'deals' later, or as it turned out none, then decide whether to take up the rights, of which they all declined to do!!

The MD telling a shareholder they were going to take up the shortfall, he could have said no, or not commented at all, but answered 'shortfall'.

@Glish ... " The bloke has 70 odd million shares, his family that supported him in his quest over 10 odd years also have a huge tranche and you’re here sooking that he didn’t buy in the shortfall and it’s like he doesn’t have confidence in his company."

He does have over 70M shares, how much did he pay for them compared to how much he has earned as MD?

Confidence in a company is a fickle thing, when an MD doesn't take up any of his entitlements of a right's issue, it sends a clear message to the market and is one of the main reasons the SP is currently so low.

@Glish .... "Scott’s word will be irrelevant if the sp rises"

Maybe to you, but not to me. If you can't trust the MD's word to shareholders, then you never know if the next thing he claims is real or not and will make me very skittish about holding for anything other than short term.