mangy, ASX listing rules :...

mangy,  ASX listing rules :
http://www.asx.com.au/documents/rules/Chapter03.pdf

Ref 3.19a.2 & 3- a director has 5 days  to notify ASX of any change in a notifiable interest

The chair had 70+ separate transactions starting from Nov 13 to 30 June 15 - many daily.

Also traded contrary to the Company's own Trading Policy including a black  out period (30 days prior) leading up to the release of the 31 Dec 14 half year results (end of Feb 15).

I respect his contribution to being the company saviour years back but this does not preclude him from acting outside the rules. This was not the first time he has been warned. So he has prior form (2012 )and therefore should have known better & yes he is also the Chair which makes it worse !!

I also must add that survival in the micro cap sector is hard enough without such saga's .

Disclosure- shareholder six months- took up my full entitlement + * 10 - all paid prior to the change notice last Friday. Not happy with the governance side of Oil & has really has me thinking twice - if this is my thoughts what about the potential impact on new investors-. I also took out my frustration on the ASX Compliance Officer last Monday & CFO/Company Sec. today- whom confirmed the stance of the other directors in today's market response.