Rainman8,
It's all a bit hazy 12 months down the track but Echuca Shoals seemed to be a sticking point. As most of these plans were proposed privately at board level, they are subject to standard confidentiality agreements. Cottee was wise not to say anything in the aftermath of his departure as it would have cost him financially.
You can google the following articles. They don't say too much but at least give the reader some idea of how things were being done...
THE AUSTRALIAN - Investors deserve an explanation of Cottee's departure
SYDNEY MORNING HERALD - Former Nexus chief 'gobsmacked'
THE AGE - Nexus warns against Cottee deal
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