Was actually 0.052. Yeah he's definitely benefited from the trade, but I wouldn't call it making money...he's increased his own holdings, which at the end of the day is a mill+ less shares in weaker hands, and worth a lot less right now as we all know. I guess the capital gains from that transaction could sting a lilttle come tax time?
Would've preferred if he'd moved those off market as per the other 17 odd mill shares, and then bought another mill on-market at 0.052 or whatever.
4,500,000 Shares bought by FAAF Pty Ltd ATF Floating Asset A/C for $0.052 per Share.
3,422,195 Shares sold by Adrian Floate for $234,000.
Ann: Half Yearly Report and Accounts, page-169
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