Dex its in B&W (refer article below - The service from 'Insider...

Dex its in B&W (refer article below - The service from 'Insider Trader' does not pick-up all activity of shareholder dealings) we simply want to know:

1. Why there is nothing being said and for all we know being done about it. It smells so so so bad of Insider Trading that we simply request an explanation as to why it is not considered Insider Trading and

2. Question two is... Since when has a Board been able to convieniently say something along the lines of Go ahead and sell the shares - we will back a moritorium of a 2-day trading window for you to dispose of your shares.

3. A third question is did NAB benefit from the sale because they had a Margin Loan out-standing (as a Director perk)? The numbers point to the fact that this well may be the case (refer buy and sell difference and amount of shares).

NAB defends Ahmed Fahour's $3.2m share sale
By Richard Gluyas
The Australian
November 11, 2008 07:08am

NAB has defended executive director Ahmed Fahour's $3.2 million share sale a week before yesterday's discounted capital raising.
Mr Fahour's sale on November 3 of 130,000 NAB (nab.ASX:Quote,News) shares at $24.78 each, for tax reasons, is understood to have taken place in a board-approved, two-day trading window, following the release of the bank's annual profit result on October 21.

"It went through the normal clearance process involving the chairman, the chief executive and the company secretary," NAB deputy CEO and executive director Michael Ullmer said.

Details of the trade emerged last Wednesday, The Australian reported, with Mr Fahour retaining 518,208 shares, as well as 1.09 million executive share options and 182,063 performance rights.

The NAB chief left most of the commentary on the issue yesterday to Mr Ullmer, other than to say he did not participate in the institutional placement and had missed the opportunity to subscribe for shares at the discounted price.

Mr Fahour, who is also NAB CEO Australia, was one of the leading internal contenders to succeed John Stewart as CEO but lost out to Cameron Clyne.