Don't think that's quite true, the 11 cent shares were a rights issue entitlement offer. Ralph Schmitt and Camillo Martino used an Employee Equity holding company to complete the purchase, although the cash was still raised.
Jonathan Tooth and Matt Morgan also participated.
There have been many additional on-market purchases. Directors appear to have a lot of skin in the game. Here's a summary of all transactions. Manually pieced together in excel, so apologies if any errors.
SE1 Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
