Well friend, from my reading of this it says that he exercised 125,000 listed options at $0.011. This in my calculations equates to $1,375.00. It also appears to show that he sold 250,000 shares on-market at .015 which equates to $3,750.00.
So I read it as he sold $3,750.00 of FPO to exercise options valued at $1,375.00 so he has an extra $2,375 in his pocket.
For the rest he has 're-organised' the location of his holdings. He has moved 5 million options from Michael Fry into his Super account.
So please tell me where I've gone wrong here?
I can see that I made an error with DP. He hasn't put his hand in his pocket at all! Just more free shares for doing what he gets paid good money to do!!
He still hasn't exercised one of his free options.
Not a good look IMO
Ann: Change of Director's Interest Notices x 2, page-9
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