I dont think Jerkov ended up putting in during the last Capital raising. He has 6 million ordinary shares according to the latest release the day after the Half announcement. He did say he was putting in 500k which would have bought around 12 million shares at 4 cents. May have already sold.
He was quitely confident that this would be turned around but has not used those words since around April last year. I thought his body language during the Diggers & Dealers presentation showed that things were bad. Should have pulled out then .
The continual statements around current work setting up the next quarter still continue??
will keep watching
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