Sorry Manny, this is actually not at all correct, as every director, including Oz based directors did same as US based directors, both tax jurisdictions have different tax treatments!
Every director awarded free shares sold down, which is a "really poor" look as to the prospects of the shares, seriously. These shares are at NO cost, lots of dilution all us "mug" shareholders wear, through additional dilution.
The message is loud and clear, our directors do NOT deem the shares valuable, or with significant upside, otherwise they would just pay the tax and keep the outrageously cheap shares. Blind Freddy can see that any day of the week.
As expressed before, they are arrogant & ignorant towards the plight of the 45000+ shareholders and incredibly incompetent when it comes to IR. They simply do NOT GIVE A Sh*t as to what this may look like to long suffering shareholders and the future prospects of the company, otherwise they would have formulated a group approach, that would be more "user friendly" towards the shareholder base and how the market would view the companies prospects, like virtually all other ASX listed companies.
To go further, it is common that ASX directors buy shares in their own companies with on market trades, to demonstrate confidence in teh compnay and also benefit from potential future gains in the stock price. Our Directors do the polar opposite. Says it all!!!!
GLTA, IMO & DYOR
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