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Foster’s first line of defence was to claim that the texts and emails were private conversations taken out of context. Yes, Foster had made regrettable comments “in the heat of the moment” – a statement he repeated countless times – but he quickly calmed down and moved on and has maintained a cordial and constructive relationship with both the NICC and Weeks.
But despite repeated questions, Foster couldn’t, or wouldn’t, name anyone who made this suggestion. It was, he said, a general sentiment from investors – albeit, he conceded, a bizarre idea.but two highly dilutive capital raisings last year Over the next two weeks, the tension between the Star and its regulator increases, leading to the now infamous exchanges about getting rid of Weeks and suing the NICC.
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