Ann: Change of Director's Interest Notice, page-421

So fundamentally absolutely nothing has changed for the a2MC, it is still business as usual. Some will try to tell you differently but she did not sell the shares because she had no faith in the company nor because there is bad news coming, it was simply because she needed the money. So no need to panic sell and the SP we will recover soon enough.

When I first started trading I was far too emotional and that made me make a lot of mistakes. I had to do a lot of study to improve not only my fundamental and technical analysis but also to understand my own trading psychology. There were some hard truths to stomach in there but I have learned to control my emotions and fear when investing. I know what you are thinking, cool story bro but it would be better with dragons. Well I only bring it up because this forum is running on emotions at the moment and it is not a good place to be in when making financial decisions.

From my point of view the CEO has performed very well in her previous roles and will be able to bring more growth to a2MC as it grows further in the global market. Forgetting about the actual sale of shares at this point I would say it is still way too early to judge her performance at a2MC but I have no reason to doubt that she will be an excellent CEO from her performance in previous roles.

As far as the sale of shares go I think she probably made it clear during negotiations whilst being hired that she required around 4mil if she came across to a2MC as she would forfeit her incentive entitlements at Jetstar. No doubt she already had plans for that money and it may have been a deal breaker so a2MC agreed. From the announcement we know these were to cover tax and fund other financial commitments. In basic terms it was probably viewed best by the board to give her this money by issuing the additional shares rather than out of the kitty.

So whilst it diluted the shares a little it gave the company more funds for growth which in turn sends the SP higher. I am pretty sure a2MC will be spending up big reasonably soon to increase its market share, so that would make sense. I think the board had full knowledge that she would be required to sell those shares quickly but it was probably worth the short term hit in the SP to improve the long term goals of the company. I am also sure the board knew she would have to sell reasonably quickly as she did not need to hold those shares for any length of time.

The other point people are making is why didn't she use funds from elsewhere in her portfolio. I don't know and she has no requirement to disclose that information. To be honest I really don't care why she needed to sell anyway. All I want from her as CEO is to grow the company and apart from that she is entitled to live her life as she pleases. In my view selling those shares was always planned and known by both the board and the CEO. Does it change my view of her or the company? No. Selling those shares to me is the same as anybody else selling their shares. It is just as the CEO you need to disclose it. Did it change the SP, yes by a little under 4% or roughly where the SP was two weeks ago. Should it have? No. Why? Because people should be looking at the value of the company and where it is going instead of listening to the fear-mongering downrampers. I'm not worried how it looks to some people if the CEO sells because that shouldn't be a concern for investors. If that is important to them and they sell then that is their call but I do not base my analysis on that as a CEO can sell shares for a myriad of reasons. What if you sold when Babidge sold his shares? You would have missed out on a lot of growth. If she holds no shares or a million how does that change the fundamentals of the company? It doesn't and that is why it does not bother me.

Some have called for her to be sacked but I don't see how this would be beneficial to a2MC or the shareholders going forward. Nevertheless everyone is entitled to their own opinion so why don't we play out that scenario. You would need to sack most of the board with the CEO as I am sure they knew about and agreed to this outcome. And then what? a2MC would lose time scrambling to rehire, millions of dollars would be lost along with loads of experience from the sacked board. Surely this would cause growth to slow and you would lose shareholder confidence which in turn would destroy the SP. How does this help again?

If you hold stock I understand you may be frustrated but we need to be logical going forward and think what is best for a2MC and in turn the SP. Healthy debate is fine but please be careful that you give constructive criticism rather than just downramp. You are only going to scare less confident investors away which is bad for everyone .... except the shorters.