"As a consequence of the completion of the Entitlement Offer and...

1. "As a consequence of the completion of the Entitlement Offer and the underwriting by Mr Porter, the litigation with Mr Porter and his associates has been settled in full. Mr Porter now owns 35.1% of the Company."

From the quarterly. Surely this must cause Casello to cringe when he is reads that.

The company goes from a Market Capital of 1 Billion to off loading a third of the company for an 11 million law suit. What an embarrassment. Yep the 1 Billion was likely way over priced but for the amount these blokes are paid you would expect better preparation and foresight. You would expect just good management.
DPH