Why was 5.6% of FC sold to a Director on the board of the ASX for 'nil consideration' and how does one generally acquire such a valuable thing for 'nil consideration'?
Mustn't there be a quid pro quo, amounting to a 'consideration' of some description involved somewhere? If not, does that make it a gift? The sort of gift a Director of the ASX might be expected to declare? Was it a gift? Has he declared it?
Or is the term 'nil consideration' just a limited technical term in this context, not extending to some deal where say, a Trust loans a property to another Trust who rents it to another Trust and uses the rental income to repay a loan for a Venuzualan fish farm which then provides free fish to another company operating a tourist boat offering trips to Finstro staff and then, out of gratitude, the owner of Finstro then gives 5.6% of his valuable company to a Director of the ASX?
Leaving aside that clumsy attempt at humour, it does seem a curious fact.
Is it something widely known to holders before this afr article?
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