Ann: Change of Director's Interest Notice - Giles, page-2

Interesting action by Giles or at least curious, maybe even strange?

He let over 16m listed oppies expire, but spent nearly $2m dollars making an off market purchase of over 6m shares.

Not good that this money didn't come into the HAV coffers. I wonder what his agenda was/is in spending that amount of money this way and not exercising his oppies. He only exercised 446,667 oppies when he owned over 17m listed oppies.

I have no idea whether this action is good or bad news for shareholders...... maybe irrelevant, but my gut feeling is not a nice one!

I feel uneasy coz it looks like he did the off market purchase in order to protect further slamming of the SP and that means there was nobody else willing to make that purchase.

Cheers