Gents, the issue is not the $620K as a provision was made for A$620K in the 2009 accounts.
The issue is how the $620 K was converted into shares.... Ethically it should have been converted at 23c odd which was announced as the "intention" to the market insteadof the 2c when it was locked in.....
No rules have been broken but a few ethics have certainly been broken.
placement, page-5
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