The million shares were an indirect interest, Gregorach Pty Ltd. They still hold 7,580,548 shares. Who knows why? The company might have needed the money for some reason or another and it was the only way he could raise it. I'm not too concerned.
7,580,548 shares - indirect
1,500,000 shares – direct
1,500,000 Incentive options 31/7/10 direct
Gregorach Pty Ltd
Mr Grigor is a director.
He didn't sell any of his own.
My opinion only of course.
jd
what to make of change in directors interest , page-4
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