The original purpose of the acquisition of the Southcorp Capital Preferred shares was to do a reverse takeover (RTO) with AMECA Mining.
The money for the acquisition was provided by one of AMECA's sharesholders, Dr. William Pfaffenburger.
For reasons only known to Mr. Bolster and without the consent of the shareholders, Mr. Bolster decided to betray his fiduciary trust and register the shares in his own personal name.
Accordingly, the RTO did not proceed - to the detriment of both AMECA shareholders and the shareholders of STHC.
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