Top 20 Managing Director, page-11

Not that many people give a toss, but I do. i spoke with the Jason Giltay today. He advised that Paul simply moved his holding around via off market transfer to other existing holdings! (His answer was rather flimsy but I'm summising that he transferred 2.1million shares to his Super) This in itself does not require an Appendix 3Y! I told him that in the interest of being transparent, he should let shareholders know what has transpired!! (ie. he's just moving shares around and not selling on the open market!)
As far as my second question went, he also advised that the shares Paul wanted the interest free loan extension for are actually at the price I indicated at the AGM (14.3cents per share) NOT as per the handout (which shareholders voted on) at 8.9 cents per share!!! The number of shares we are talking about is 4,000,000 so the difference in repayment cost is substantial (in my opinion!) . Originally a sum of $356.000 but the actual figure is $572,000.
I will continue to pursue this as I believe this info should be released to the market, not just buried for the next 4 years!!!
It's all about being transparent and open with shareholders!! These guys just don't seem to get it!