motors,i think you'll find that the "asian dude" simply made a...

motors,

i think you'll find that the "asian dude" simply made a $1mill contribution to his SMSF. he was a director of the foxview pty ltd that sold the shares offmarket at 1.16c. and the date it happened is a giveaway too, 30 june which was a saturday and the last day for the $1m contribution to super.

if you contribute shares to a SMSF it can be done at any price within the last 3 months... don't ask how or why, that's the law. speak to an accountant that knows about SMSF.

on the upside, the fact that he is willing to lock these shares away until his retirement (he would have to be at least 50 to make the contribution) means that he must think they are worth holding onto. downside is he could have sold this week for a tidy profit...100% odd