snouts in the trough, page-4

I find the timing curious.
Just as we are expecting the 3D results, the directors try to make a grab for 10% of the company.

If greed is predictable, I would say that the results are good. If they know the results, insider trading rules would restrict them from buying before they release the news to the market. I'm don't know if calling a meeting to award director options technically breaches the insider trading rules.
If the results are good enough to send the SP a fair way north, chances are that happy shareholders would vote for the resolutions.

Also note that there already are 336M director options isues with a strike price of 1.5c. These are way in the money and haven't been cashed.
In addition, a further 45M with a strike price of 3.25c AND 1.7B "converting shares". I am at a loss as to where they came from, because I can't find them in precious 3B-s or the last Anuual Report.

Looking at the last Annual, it doesn't seem that the directors are paying themsleves huge salaries - $25K director fee & $75K executive fee. They also haven't had a lot of luck with the options oer the past few years.

So back to the trough theory. If they are trying to do last minute manouvering just before releasing the 3D results, they could be better than expected. I can't seem why you would be doing this if the results are as expected or below par.

'Cui bono', as the Romans used to say.

Anyway, this is all speculation until the 3D results are released.

Cheers