Thats a nice way of spinning it Pseudo but lets analyse the...

Thats a nice way of spinning it Pseudo but lets analyse the facts and see how your argument stacks up ......

Your inferring by example that MM has now committed to participate in full where she didn't previously when demanding 1c in the SPP. You are inferring this is a result of being confident of the outcome as a result of knowledge of C14s progress.

So MM has approx 3.8m shares. Her full participation in the SPP would have cost $30k but now her full participation in the rights issue is only $11k.

Now unlike other shareholders MM receives about $400k from the company each year. Thats is approx $1100 per day Biotron pays her.

Now I'm gunna leave the maths to you but if MM gets $1,100 per day and her total maximum outlay for the Right Issue is around $11,000, how many days before she has recouped her "investment" back just because she keeps getting paid?

Every 10 days she gets $11k from Biotron so every 10 days that it stays afloat she gets the full cost of her investment back as long as the company has the money to keep paying her. Are any other investors getting this return with or without any commercial outcomes?

PS. Can I point out that if and insider was in possession of information unreleased to market which provided additional confidence that there was a deal and they made an investment decision based on that, this would be a case of dealing in company securities whilst in possession of inside information. Insider trading isn't just buying and selling on market. It also includes exercising of rights and options which both involve buying new shares off-market.