Ann: Change of Director's Interest Notice, page-46

I wouldn't make too much of it.

Most CEO who pull in a decent salary and have some shares tend to borrow money against those shares to fund their lifestyles and purchases. They do carry a decent interest rate and the way amortization works is you're paying a lot in interest than in principal in the beginning. I've no idea if she has done that but it those bills have to be paid. She was put in place to accelerate FFI and as long as she does that beautifully she has nothing to worry about.

Now the main part..

Our current Australian Tax Laws, shares grant become taxable as they vest. In this case it was unvested, as stated, and now its vested. So she has sold her existing retained shares. Now one might wonder why. It would be a bad look if a CEO defaulted on their tax bills due to any bad habits. No shareholder would want those unwarranted risk or even start thinking about those risks. Another reason, we don't want CEOs selling shares, getting all that cash and go hiding in Bahamas, so tax laws are pretty fair for CEOs. THE SYSTEM WORKS. We get crazy and import CEOs every now and then. These are the ones I worry about.

At the time when we should be paying between 0.05-0.10 cents per kWh of energy, fixed rate, to be on par with the world, we are at almost 0.22-0.25 cents average, thanks to imported CEO, they got their EPS by deferring commitment and took fat paycheck to their home countries, handing odorous bag to next CEO and shareholders. This things happen.

She also had to let go of her entire financial award for FY21 due to setbacks in Iron Bridge project. On top of that the board has put caps on TSR performance now as it was deemed excessive by the board. She lost there as well. She did get a special award though, $1 million.

And there are clawback provisions, should CEO does something horrific.

Adequate shareholder protections are there. Lets not be alarmed.

And by the way, I've got other technical investors to review my maths on Green Hydrogen, and these are terrible numbers, I'll have to update this over time. Siemens didn't even bother replying to my email on electrolyser. Another company, whom I can't name, cannot give me load-bearing info on hydrogen induced steel. Now I'm sure Elizabeth knows all this challenges as well, for FFI, but she's there, persistent, fighting the unknown.

Let cut her some slack, can we all?