Ann: Change of Director's Interest Notice, page-85

As shareholders in a company, it does not give us confidence when an insider offloads their holding large or small.

Sure he has a large holding and this is small pickings but $260k in profit is nothing small. If you calculate the holdings obtained, it averages around 3.9c and the sell off On Market is around 5.9c.
The options do not require you to put in capital unlike buying shares. Selling on market either drives the price down or creates resistance on the upside.

Im confident that AF has good reasons for selling on the market while prices are low, but as shareholders, exercise your due diligence so that further down the line you dont come back to this forum and say "i told you so". Doesnt help you or the company. You should however continue to measure the companys performance especially with the upcoming revenue report and keep an eye on their pot of gold to avoid another capital raise.