Unfortunately I have experience were directors have obviously...

Unfortunately I have experience were directors have obviously used info before market disclosure. Very few get a tap on the shoulder by asic.
Do you think Directors appointed by major shareholders don't talk to them?
Or that major investors don't talk with each other and the BOD?
The BOD need the investor votes at AGM to keep they're well padded jobs.
You cannot do a placement to sophisticated holders without telling them something to keep them interested! What they are told is never discussed?
Would you extend a $200m loan to TER without knowing all the financial projections, adverse events, plans and information?
I wouldn't.
I would want to know what Craig had for breakfast and who paid for it.
This is not unique to TER, but these companies are not the CIA, and leaky ships are part of the ASX.