Absolutely piss weak, he does not need the money , so I would say he is demonstrating no confidence in the L-Max technology and any supposed rapid growth in share price and the business as the investors feel.
Yes, he is selling because he just bought more at 1 cents. (pathetic)
But this move of his doesn't surprise me as like I have said before he has been there for over 16 years and achieved nothing just kept chasing the flavour of the times and then changing direction to the next current flavour and selling off the previous flavour at stupid prices, and then doing more CRs.
Ann: Change of Director's Interest Notice-PLP.AX, page-6
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