Not to mention the additional placement of 26million options as the directors see fit. The shareholders who subscribe to Crocodile ( if any ) will only have about 30 % of the company. I recall Alan Burns having another listed tyre company on the Australian market.It's price went nowhere for years then it disapeared.
Burns got a free ride with Hardman thanks to Ted but Carnegie is in the doldrums and Global is obviously not attracting funds.Burns needs to give his attention to making these companies successful before starting any new ventures.
He loaded himself up with free options in Hardman and cashed out as soon as they were in the money.He has no financial interest in Hardman.
Let's not give him any more of our money in Crocodile.
