"The fact that he had little, if any involvement in Volts...

"The fact that he had little, if any involvement in Volts previous cap raisings remains a mystery to me."

Why? Surely you understand the age old principle of 'OPM' - use other people's money - do you imagine he wants to put his hand in his own pocket to pay the hangers-on salaries of Matthews, and the like?

But I hope you can find a few more examples of other companies that have done well - it can be easy to overlook the subtlety of your message - and I'm sure it goes down well with VRC shareholders, who see their investment sliding down the toilet.