I'm not a fan of directors posting with disclosure on HotCopper, but directors posting anonymously is obviously wrong and breaches the HotCopper TOU. I'd assume ASIC wouldn't be happy about it either but they're mostly harmless.
From http://www.hotcopper.com.au/forum_termsOfUse.asp:
Disclosure and Warnings to people making postings on HotCopper:
3. if you own or have some other interest in a security, or you have any connection with a securities issuer that you might benefit from, you must disclose that fact. For example, you may be entitled to receive direct or indirect commissions, fees or other benefits from a financial product or service provider; or you may be associated with a particular securities issuer such as by being an employee or director of a securities issuer. If so, you must disclose that fact in your posting; and
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I'm not a fan of directors posting with disclosure on HotCopper,...
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