Infragreen chairman Lindsay Ward apparently has had enough of the reply-all emails. He announced a “strategic review” of the ASX-listed waste and renewables firm on Tuesday morning. It amounts to him and legal adviser Talbot Sayer coming up with ways to “unlock shareholder value”. Press flush, Lindsay, press harder.
This is the shitco masterminded by Declan Sherman, the former Macquarie banker and Brazilian spin cycle entrepreneur, with the help of Morgans Financial. He tapped more than 150 wealthy (mostly Brisbane-based) investors to tip more than $100 million into pre-IPO convertible notes. Because they’re staring at fatbergs in the cistern, Deckers is about as popular as a Blues fan in the Valley ordering Tooheys on Origin night.
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