Scott at CommQuest also says The Age article says investment banker John Wylie spent $6 million buying a 20% stake. “They put in close to $3.5 million.”
I have my CQU releases detailing $3.63 million on 29/08/2008, a second investment of $2 million on 24/11/2008 along with an agreement for a further 400,000 purchased on market = a 20%, or just over $6 million invested.
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Have I missed something or is Scott retaliating to the ‘factual errors’ by adding further lies. I am an investor in CommQuest and generally hope they get out of this, but for mine, The Age article was a fair gauge of the circus act CommQuest has become.