Ann: Otto Provides Update on Timetable for Return of Capital, page-7

Perhaps there's a method in his madness where OEL management incompetence still plays into his hands.
In the restructure at 0.6c, Molton was able to buy 1/3 of the post restructured company for
~ USD8m. With current cash alone at what , USD40m ? , that purchase is looking pretty good at the moment and it took him to effective control at 48%.
He also did very well out of the interest and production bonus payments from the Convertible notes.
The cap raise for GC21 was really to help raise funds to payback the c/note debt to Molton.....imo.
Heads he wins, tails he wins.
I think he's been looked after quite well in return for letting this useless mob continue to draw a salary.