I genuinely feel sorry for retail investors falling for Scott W's blatant ramping and lie spree going on for the last few years. I am puzzled how someone who drove a company to the ground whilst trying to cover up his lies with more lies can still manage a publicly listed company. What SW doesn't seem to comprehend is 'fake it until you make it' strategy in the resources sector doesn't work, it's not the tech or startup world, you have to work hard and put something to the table to get recognition, you can't just claim it. Scottie also doesn't even realise that his ego costs retail holders tens of millions of dollars and we are talking about people's lost savings, retirement funds, outstanding Hecs/credit card debt and so on. Well done mate.
The SP is at all time lows now, so whoever holds the stock with a long position is carrying a loss. If no announcement is made till the last date of the retail SPP (29 Jan), I will reach out to Fidelity, Deutsche Balaton or Nanjia to ask them to consider starting the 249D (spilling the board) process. It's been long overdue IMO.
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