Ann: LNG Limited Extends Meridian LNG Offtake Agreement, page-47

When LNG signed the BTA with Meridian, the stock was heavily sold-off. I found this very unusual.
MB leaves the company, sells his stock and pops up at GEV.
GEV sign a 2.3mpta agreement to deliver CNG to Meridian.
Roger Whelan the CEO of Meridian pops up on the board of GEV
MB pops up on the board of Meridian.
GEV pays Meridian $2m for a 5% equity stake - valuing Meridian at ~$40m
GEV stock is up nicely and MB's stake is worth a pretty penny.

So LNG's ex CEO who sold his lng stock whose new venture is on the board and has an equity interest in our BTA counterparty?

Does anybody think this is ok? What's really going on here?