Regarding the share sales, I wasn't going to comment until the value of the shares was published - because it might indicate whether this was the directors squirreling away some money overseas or a fundraising effort for operating capital.
There was a rumour that CIG were looking for investment in January 2018, this is pretty much an open secret at this point.
There was an actual honest to god leak in May 2018 that they had acquired investment and nobody really believed it, myself included.
This was all being discussed in this thread, I remember someone contacting Bootcha about investors back in 2012.
So the $17m is either resting in an account in the Caymans or it has been spent as operating capital.
It's one or the other. It's capital or a parachute.
There was a rumour that CIG were looking for investment in January 2018, this is pretty much an open secret at this point.
There was an actual honest to god leak in May 2018 that they had acquired investment and nobody really believed it, myself included.
This was all being discussed in this thread, I remember someone contacting Bootcha about investors back in 2012.
So the $17m is either resting in an account in the Caymans or it has been spent as operating capital.
It's one or the other. It's capital or a parachute.