Most people hate consolidations but they can sometimes be in the...

Most people hate consolidations but they can sometimes be in the interests of shareholders if executed intelligently. Need a strategically focussed bod with shareholder interests front and centre for it to happen though. Unfortunately neither exist for Azure and outcomes were therefore bad

I thought it was disingenuous for Tony to use TSE listing as rationale for consolidation. Since then, he’s literally never mentioned it again. This leaves him vulnerable to the suggestion it was conducted purely for the purpose of enabling further equity dilution