Lots of rumours circling at the moment, some say STB tried to...

Lots of rumours circling at the moment, some say STB tried to get the likes of Carmichaels to take shares at $1.10, I spoke to them and this is rubbish. Another one re directors cashing in, well none have sold.
In fact Liam Cornelius converted his options to buy 2,750,000 shares and he forked out $625,000 of his own money, so he could take up the rights. Now he has not sold any of these, so a profit is not one till its taken. One of Liam Cornelius jobs at STB is in charge of fund raising. So on the new shares he has converted he is forking out another $302,500, so basically lined himself to pay out near a million.
In addition he already held just over 8 mill shares so that is another $880,000 for his rights.
Well I tell you, I think the way they have done this is terrible, they didn't even need the money immediately, but Liam Cornelius fact, has just organised himself to spend nearly A$2 mill, he obviously thinks its worth a punt.
DYOR, this was all taken from the annual report, lots of wild accusations out there at the moment so find the FACTSS for yourself....good luck