I understand your sentiment Swoopa, but I see it differently.
Ryan has (pending SHers approval) put $500K in Axiom. Ryan's approved LTI Rights total 9.6 Million units. As of the 12/02/2016 Ryan would be the third highest holder of Axiom, from his rights entitlement alone.
My opinion is Ryan didn't need to take participate in the two previous placements.
I think Ryan has shown his commitment and confidence, by partaking in the last two placements. It's just how I see it.
Ryan put $200k plus into Mnm, Catla put the other $500k plus in. Ive seen off shore companies before having partners and silent partners. Catla management sounds like a consortium to me (yes I have seen the panama papers, doesnt mean anything). I see nothing wrong with Ryan's investment in Mnm, because it's none of my business. As long as Ryan shows me he is giving 100% to Axiom, then that's all I can ask.
AVQ Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held