The board and exec exercising a large amount options a few days before the end of Q4 seemed suspicious... then after a review of the last 4C it made sense - it was $1m worth, just the right amount to prevent LBT needing to give an explanation to the ASX of why they don't have two months cashflow in the next 4C, and bang on the absolute max value they can exercise before the state government starts to reclaim money owed to a loan that had its payments delayed.
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