Would have to agree, but when some 245,041,745 shares and options fully diluted out there, his holding is REALLY insignificant. Also have a look at the top 20 in ASX announcement 28.05.2009 and a top 20 man just sold a few to come under the requirement of "substantial holder notice" begs a few questions. Note also that as the top 20 do hold near 72% of issued FPO shares, what this company does in the future is totally in their hands.
Fully Paid Ordinary Shares - ASX: AXY 138,011,787 Fully Paid Ordinary Shares - escrowed to 26 June 2009 43,127,855 Options - ASX: AXYO - exercisable at 37.5c expiring 25 October 2010 56,502,103 Unlisted Options - exercisable at 37.5c expiring 26 June 2010 7,400,000
Pirra holds a few, but have some reservations in the long time future of Atom. Have some of you guys have any comments to make.
Time will tell. Always does
AXY Price at posting:
6.8¢ Sentiment: Hold Disclosure: Held