30:1 ... so that means a future drop in our current investment...

30:1 ... so that means a future drop in our current investment by 30 x .... good one !

All this consolidation does is reset the start of the decline as nothing else has changed. A CR normally has a specific purpose such as a defined project. Not only has CDB not reported back on the AUD500k dumped into Pierre's Turkey project but it seems from the announcement at the AGM that the only thing this raise will definitely support is future administration expenses.

With Pirate and Family being slowing dragged out of GXN and PRW - IMO they need a new paymaster.

PS. Can we claw back the bonus paid to Glenn last year on the basis his rape charges weren't disclosed or if they were disclosed then appropriate action wasn't taken ?