My take - the shares Dr Campbell has converted (if you look at...

My take - the shares Dr Campbell has converted (if you look at the annual report and previous annual reports) are unlisted options which he cannot trade on the open market (and in effect have no value - unlike the listed options that can currently be bought and sold).

If he wants to take advantage of the 50% capital gains discount (for holding the shares longer than 12 months), then ideally he needs to convert his unlisted options and hold the physical shares for at least 12 months.

This would tie in nicely with any takeover or buy out of the company.

In effect he is just trying to get all his "ducks in a row".

All this talk about him wanting to sell or dump 9 million shares now onto the market - really??