Ann: ALTRAD TO ACQUIRE VALMEC LIMITED VIA SCHEME OF ARRANGEMENT, page-39

I just double checked the register. Directors Zurhaar and Lazarakis both have more than 15m shares, or > $6m AUD...

Obviously that amount of shares would have never been liquid on market, and this is the only way they could get out and liquidate life changing money for them....

It's a different equation, as they don't actually walk in the minority shareholders shoes whereby our positions would have been liquid at a higher price in future.

I don't blame them, just explaining why they sold for less than the underlying value.... get the life changing cash now.