Ann: Resignation of Directors, page-6

Carsales invested $13.4m (a pittance for them) at 37.5¢ per share in early 2013, when the ICQ market cap was about $67m, or where it is today, so dilution has been by about half since then.

Those suffering most now would be the Bell Potter clients, with 60% loss of capital from 32c to 20c. Not helped by Eddy Groves' last minute payment of dues.

Meanwhile, Motley Fool chimes in:

http://www.**promotion blocked**.au/2016/11/16/is-carsales-com-ltd-set-to-dump-icar-asia-ltd/