Hardly a dump, or a concern - keep it in perspective!!!
No. of securities held after change:
Direct Options: 1,000,000
Indirect Fully Paid Ordinary Shares: 3,435,639 Options: 1,250,000
So he sold 70,000 shares, representing 0.02% of his shareholding.
Lets wait for results which shouldn't be to far away, and then make a judgement. If his sale scares anyone and price reduces, suggest take as buying opportunity.
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