"Looks to me like all the cheap 200m oppies issued to Waller and mates have been dumped along with most of the placement FPOs.....all without SSNs being issued!!"
I believe that ASX/ASIC regulations only pertain to FPOs, not the options, which are not a shareholding from the point of view of voting, sharing in company profits etc, and are not included in the calculations of percentage held. Hence none of the directors are considered "significant" shareholders. SSN do not need to be issued for options.
As for "change of directors interest" notices - I suppose their percentage shareholding is not changing when they dispose of options so why would they.
I think they have rather unethically bypassed the requirements for directors to declare change of interest by issuing themselves options (note - not the only company to do that - though most issue non-listed options that cannot be sold-on).
B@st@rds
AEX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
