What an utter rip-off! GSW shareholders continue to be ripped off by management paying themselves handsomely (collectively the duo Bane & Joel took home $5.5m which includes stocks) while losses now widened to $12m. And the $5o or $60m cash that Fidelity put in has now dwindled to $35m or less.
And the class action is taking forever, who bothers although they have spent a few millions on consultancy and legal fees on that front.
Which is the other company with another ex-AFL player helming a tech wannabe? Yes, Yojee.
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Its Over, page-377
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