Ann: Extension of time to convene second meeting of creditors, page-142

The sale of shares appear to have been made in relation to cheap performance options he received and he likely applied to the company to make the sale, earlier than the 27th. It's not odd to sell performance options after they have been executed so the director can receive the monetary benefit and pay their tax bill. I would say the information in this announcement (either positive or negative) was most probably not known when he applied to make the sale.

If this information was known then he sold in a black out period and will attract some scrutiny for their corporate governance. It would be a fairly obvious and stupid thing to do.

Another bid would be nice for the holders here to maybe get something back. I don't see another ASX player in a similar holt though.

W