not performing at all, page-13

IMO he has sold both indirect holdings (shares/options) in order to fund the conversion of his direct holding options.
The sale of both the options and shares equated to a total sum of $141,592.00 which is just short of the required amount of $150,000.00 to convert his direct 500,000 options which inturn will give him a total holding of 1.1 mill shares which is an increase of 251,550 shares aswell as another $150,000.00 into the CAP bank account.

Sure, many will ask why didnt he just convert his options without selling his indirect holding if he was confident the SP would increase in the coming months??? There is one simple answer for this!! To convert both his indirect and direct option holding he needed $187,177.50 which he may not have!!

While its impossible to know his personal financial position, the very small renummeration package they have been paying themselves for the last couple of years (in order to benefit shareholders)could of contributed to the fact that the money just wasn't there to fund both the indirect and direct option convertion.

In hindsight I think a better option for each director would of been to arrange an off-market transfer for their shares with Mr Yue before he reached his 14.99% rather than selling on-market. There maybe some legalities why this was not possible.

Just my thoughts!!