Stone Wang now owns over 14% of the company I think....

Stone Wang now owns over 14% of the company I think. Predominantly from issuing himself free shares. The latest being $360,000 worth - if he can off load them for .001c that is !!!. Bizarre. I just can't see how this is legal - in fact he is, knowingly or unknowingly (?) increasing the market cap of the company doing what he is doing - lets forget the dollar value, I just can't see how you can give an employee 5% of the company in share entitlements in one lump sum - they do it every year though . I think he has nearly a billion shares shares now - Wang has lost the plot - and you can't tell me he wont try and cash in some of his shares if the opportunity ever arises. On his own he can cap this at .001 indefinately !!!! He should be paying himself a wage out of their profits and wait until the Company can kick some real financial and business goals before offering share entitlements . How on earth can a $6 million cap company pay an employee a $360,000 entitlement !!!!! - anyone wish to email him or approach ASIC feel free ! I don't have enough money invested in this to spend any more time on it - but outside it being unethical, I'm more interested in the legalities of it all. Fascinating to say the least !!!