1% is the total board held shares in rrs, page-8

RR,
Pirate Pete and co let the SP run down to 10c at the end of last year before exercising their directors options.
I felt at the time that the slide was needless because if they were eventually going to exercise the options then doing it earlier would have stopped the slide I am sure.
When they finally did exercise the options it was not done in the way I expected it.
I don't remember the exact details but from what I remember the way it done was by getting finance and the wording didn't excite me.
Looking back now I feel like such an idiot because we have been given so many signals that RRS is a cash cow for the BOD and it is one of this rinse and wash shares i.e you will only make money from it if you understand that it geys played.