Actually, a few points to noteMy understanding of corps law is...

Actually, a few points to note

My understanding of corps law is that pubco directors remain responsible for six months after they leave - so bailing now (if its for reasons other than stated) either makes McAlpine look like a rat before the ship goes down OR makes him look like a twit before it gets funding. So, I dont think liability is the issue, but agree that it is something more involved than the agricultural excuse.

As for the rest of it, the App 3 postings on the ASX tell me that at least some investors are putting in at 5.3c, so that at least implies a market value of such (because the market is putting money in)

I dont think a prospectus is required for placement to sophisticated investors- will need to check corps law, but Im certain that shareholder approval will be required in any case.

As for the rest of it, if you put in at 20c, and didnt notice that the guys who put the deal together MUST have been selling out when the price spike and then started to decline, then theres only one set of fools here.

I got in far cheaper than that, and dont have the