Email from Paul Brown, page-2

One comment that was made & it has also been suggested here by others, that the Vimson placement was made defensively to protect existing board members by securing a voting block. The timing from when the board became aware of the Brown's dissatisfaction & the raise, seems to confirm support this.

If it is the case, the placement was not made in good faith, nor in the interests of shareholders, that effectively a voting block was bought with this placement. And it increasingly looks like the principal shareholders interests being protected were shareholders who sit on the board.