change of director's interest notice ..., page-7

...Rusty....the ATO do not allow the selling of shares to consolidate losses and re-buying those shares within too short a period of time. The argument for how short is too short is one on which the solicitors generally get rich. It is a GREY area. Regarding WS, I also remember he kept on buying and seemed to be "averaging down" after the SP went south from about 29c down to, I think, around 16c. I don't know where these shares ended up in WS's holdings. However a LOSS is a LOSS but it seems, from what you're saying, the LOSS could not be as large as I first thought....Remember he can always buy back into CKK[if he wants to] but, in order to avoid a stoush with the ATO, he shouldn't get back in for some time. The fact that he is an insider would work against him in negotiating with the ATO....Your point about selling now with "contracts pending" would be probably disallowed if he buys back in to "cash in" on the "glorious Ann"...Logic says that he shouldn't be selling at the mo for a number of reasons IF contracts are "just around the corner"...Me thinks these contracts are slightly further down down the track than first put up in the CR promo frenzy...Interesting how future Tranche2 investors will be judging all this[ or will they be blissfully ignorant as most are]...This of course is IMO and that of a "deluded fool" but should not be considered a down-ramp....L