It is still classified as a conflict. The "alignment" bit you mentioned is between Shane and DC2. Conflict of interest covers a wide range of stakeholders, not just the Chair himself. Shane has an interest in his DC2 shares and options but also has an interest in his Alto shares. Alto and DC2 have a working relationship, which is more likely than not influenced by Shane being the Chair of DC2 and a major shareholder in Alto. Alto was founded in 2004, 18 years ago. It should be a profitable business by now. Shane was a founding director. I bet 99.99% he hasnt sold his shares in Alto. Think about it, would you sell your shares in a profitable business to work for $30k a year plus out of money options in a loss making business? The guys at DC2 are quite cunning. All are just optics to make the stock look good to investors.
Well, I guess we'll find out when the March quarter 4C is out this week or next week. There was $1.3m in cash at Dec 31, if it wasn't for the $2m raised capital, DC2 would be out of cash by then.
DC2 Price at posting:
8.5¢ Sentiment: Sell Disclosure: Not Held
