excellent announcement, page-9

I would be virtually certain that it was not voluntary. He could have sold the lot at a much better price post the announcement if he had had the choice.

I do not know whether any leveraged share purchase/margin loan was in place here or whether it was disclosed to the ASX early in 2008 as required by their changed regulations. But there was another case the other day of similar situation with Ian Tcachos of NXS being required to sell a decent block of his stock at a ridiculous discount to fair value. These margin loans are catching many out and it could have been another failure to report. If so, it is poor corporate governance.

regards
DF