That's exactly right. I have said this about Clee previously-...

  1. 2,804 Posts.
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    That's exactly right. I have said this about Clee previously- IOU was one of his (if not THE) biggest cap raises and the IOU pay directors made him look like a clown by stealing the money. So he was highly motivated to get the ship righted.

    I think a lot of the litigation is probably a matter of personal pride for him. Sending the directors to gaol is at least something even if you don't get the money back.

    Money is a strong motivator but don't underestimate status and reputation.

    The beast picks a literal nothing company with almost no money, and heads it to the stars. Then how much is his name worth? It's a risk for him to take but one well worth it as his stage of career, I think.

    It would be interesting to see the T20 to see if he has bought in yet.


    Tl:dr, stop stressing about the big boys messing with the share price. It goes up, it goes down, the company hasn't done anything yet. DYOR but IMO hold fast.
    Last edited by DanMachine: 14/11/24
 
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