director buys more shares, page-9

They may be buying in order to get extra votes for the proxy vote.

They know that there are too many out there who are going to vote against it, so they probbaly buy more shares to gain more votes.

The Directors, IMHO, are allowed and therefore going to vote for the proxy on the sale.

So, don't count your chickens as yet. It could be all an upface/upfront affair.

Especially, as someone posted here, ASIC, the ACCC, the Shareholders Association, and God know who else has been notified of what is going on, and they now have to make sure that things have to be done/run properly during the course of the meeting. A lot of transparency will be required now.

And, don't forget that they have to win, in order to keep themselves in a job. So, who cares if the sp will drop furher after that has been achieved??

And, if they don't come out with some plans very soon, it would then be very obvious as to why they are buying now. Directors don't buy for nothing, they buy when it is convenient for them to do so.

It will be interesting to see what will unfold.

Buddy