Ann: Emefcy Second Milestone and Vendor Shareholder Understanding, page-44

Considering that there are directors within the top 20 holders, would writing a put option by a director be considered a conflict of interest and therefore a breach of directors duties?

Would the existence of put options need to be disclosed to the ASX?

As a simple retail investor I don't get involved with derivatives...too complex for my simple brain, but if directors have been complicit in this downward push then that would be reason for concern.

I emphasise that I am not saying the directors would have any knowledge of the downward push you postulate in your post, but if they hypothetically speaking were in any way involved that would be a real concern.