Think you will find that the sale made was to cover taking up the options expiring on 3 Aug 2018. A further 10 mill options for the same date as yet to be exercised. (Say he sold 6m @0.0375 =$225,000, then to take up the options [email protected]=$181.500 leaves him with $43,500 to cover any living costs. I think that's fair enough, AND):
From the current date, Joe has increased his holdings by 4 mill taking his direct interest from 19.75 mill to 23.75 mill shares, with 10 Mill options yet to be exercised.
I've no problem with his finances Minty4.
Cheers.
Ann: Appendix 3B and s.708A Notice, page-3
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