Ann: Change of Director's Interest Notice Amended, page-23

Even if he's done this, which we don't know, he is still required to truthfully report to the market how many he acquired AND how many he disposed, not just a summary. That's why they have two boxes ... one for acquired, one for disposed. So it would appear he attempted to mislead the market probably because he rightly judged that his investors wouldn't be too happy with all the selling.

Claiming the tax loss on a wash sale is illegal (you can read about it on the ATO website), if that's what he was doing it for. And if he wasn't then you still have to question what it was he was trying to achieve?

If you're fine with all of the above then great. I would prefer transparency and clearly many other investors would too judging from many of the comments above and the woeful price action today.

And if he starts a libel action at least we'll find out in court what the purpose of all the selling was