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These companies were largely owned and operated by TG and his son in law. I think you know plenty about these things by the sounds of it.

When the companies went very badly, they would change their title or step down from Chairman title etc.

Its all smoke and mirrors as i said.

IMO

These are capital market players, asx is a capital market which means they are constantly getting capital from investors to fund their lifestyles. The fact that the company constantly increases the losses, doesnt matter if you are 4 times ahead on the IPO or are getting a big salary.