Yes you would think so. But I don't believe he only holds 1.4M shares as well.
That is worth $25,000 at today's SP. But if his average was higher like 10c, then that's $140,000 and closer to a fairer investment. But all things are relative.
He was involved way back when the company's SP was in the pips under a cent. Wait on, was that 2009 or 2018 !
Director Held Shares, page-15
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