Ann: Appendix 3Y, page-18

Agree @carnabombers the "share grab" as you put it should have, and could have, come a bit later.

But, in regards to timing, it depends how you look at it...

Perhaps they thought it would:
1. Be easier to get passed through the AGM now, and
2. Only p1ss of a few 'early adopter' Shareholders, rather than masses when this thing gets the attention of the masses, and
3. Look good to new perspective investors; like demonstrating that they (the BoD) have significant skin in the game and therefore working hard as they have a vested interest in the success of the company.

We all know they got the additional shares for free, but for new investors that don't research, it looks better from that point of view IMO.

I'm not worried from a mass dumping upon reinstatement;
Even if they could sell all 830M @ 0.009, that's only $7,470,000.

Nice, but completely not worth IMO; their livelihood and reputation would be damaged and not enough to survive on through to retirement.

Besides, realistically, if that 830M were dumped, they'd probably pocket less than a few hundred thousand before the SP hit 0.000.

Sometimes you got to look at the worse case scenario to realise that how ridiculously stupid it would be of that were to occur, and that restores faith that something good, or really good will come of this.
All IMO, DYOR etc!

Cheers
MSN