The media wont bother to write up this Chemeq news. As you can see from the key news below lodged with the ASX late yesterday, is a notice showing that CMQ directors all added to their already substantial holdings No one should lose site of the fact that since floating on the ASX, they have barely sold a share even when they had a high of $8. No one would have blamed them if they had of sold a small parcel to buy a holiday house, or help the grandchildren out, but they didn't. This now leads me to refer back to one of the first "cut the tall poppy down" articles which helped crucify Chemeq's shareprice back on 30 July 07 written by Geoff Elliott of The Australian, who writes Criterion. The key first paragraph read .......
There's something strangely redolent of the dotcom era with Chemeq, a Perth-based animal biotech company that promises to revolutionise feed for the poultry and pig industry".
From what I remember about the dotcom era most of the companies that led the charge to consume investor dollars, never built anything tangible (like a world first manufacturing plant) and more importantly directors sold shares and options (that cost them squat) for fortunes before the bubble burst. When my wife saw this article, even she remembered the unsavoury dotcom era and questioned my logic of "what are we doing in a company like this". Fortunately I resisted the pressure to sell any of our Chemeq shares, because I had done due diligence on this company and was very reassured by knowing the history of director shareholdings. I not only liked the potential of the company, but the very fact that the directors financially supported the company to the hilt was extremely reassuring. What I now wonder about, is how many mum and dad investors have murdered their investment in this company because of articles like Criterion, and the ongoing vendetta W.A news writer Michael Weir seems to have against Dr Melrose.
W.R.
T.U
============================================
Change of Director’s Interest Notice
Name of entity – CHEMEQ LIMITED
ABN – 77 009 135 264
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the
director for the purposes of section 205G of t000he Corporations Act.
Name of Director RUSSELL CHILTON BARNETT
Date of last notice 05/03/2004
Part 1 - Change of director’s relevant interests in securities
Direct or indirect interest DIRECT
Nature of indirect interest
(including registered holder)
Date of change 06/10/2004
No. of securities held prior to change ORDINARY SHARES = 2,392,214
30/06/05 OPTIONS = NIL
Class SEE ABOVE
Number acquired ORDINARY SHARES = 1,082
30/06/05 OPTIONS = 1,082
Number disposed -
Value/Consideration
$2,597
No. of securities held after change ORDINARY SHARES = 2,393,296
30/06/05 OPTIONS = 1,082
=====================================================
Change of Director’s Interest Notice
Name of entity – CHEMEQ LIMITED
ABN – 77 009 135 264
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the
director for the purposes of section 205G of the Corporations Act.
Name of Director GRAEME ALEXANDER MAJOR
Date of last notice 14/09/2004
Part 1 - Change of director’s relevant interests in securities
Direct or indirect interest DIRECT & INDIRECT
Nature of indirect interest
(including registered holder)
SECURITY FOR LOAN, REGISTERED
HOLDER IS MR CRAIG RUSSELL
MANNING
Date of change 06/10/2004
No. of securities held prior to change ORDINARY SHARES = 5,712,020
30/06/05 OPTIONS = NIL
Class SEE ABOVE
Number acquired ORDINARY SHARES = 90,745
30/06/05 OPTIONS = 90,745
Number disposed NIL
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
$217,788
No. of securities held after change ORDINARY SHARES = 5,802,765
30/06/05 OPTIONS = 90,745
=====================================================
Change of Director’s Interest Notice
Name of entity – CHEMEQ LIMITED
ABN – 77 009 135 264
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the
director for the purposes of section 205G of the Corporations Act.
Name of Director GRAHAM JOHN HAMILTON MELROSE
Date of last notice 05/03/2004
Part 1 - Change of director’s relevant interests in securities
Direct or indirect interest DIRECT AND INDIRECT
Nature of indirect interest
(including registered holder)
* MELROSE GHJ & OM PTY LTD
* ANZ NOMINEES LIMITED (SECURITY
FOR LOAN)
Date of change 12/10/2004
No. of securities held prior to change ORDINARY SHARES = 23,717,221
30/06/05 OPTIONS = NIL
Class SEE ABOVE
Number acquired ORDINARY SHARES = 2,540,384
30/06/05 OPTIONS = 2,540,384
Number disposed NIL
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
$6,096,922
No. of securities held after change ORDINARY SHARES = 26,257,605
30/06/05 OPTIONS = 2,540,384
SUB-UNDERWRITER TO COMPANY
RIGHTS ISSUE (AS DESCRIBED IN
PROSPECTUS)
=====================================================
Change of Director’s Interest Notice
Name of entity – CHEMEQ LIMITED
ABN – 77 009 135 264
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the
director for the purposes of section 205G of the Corporations Act.
Name of Director RAYMOND VICTOR STEFFANONI
Date of last notice 05/03/2004
Part 1 - Change of director’s relevant interests in securities
Direct or indirect interest DIRECT AND INDIRECT
Nature of indirect interest
(including registered holder)
STEFFANONI SUPERANNUATION
FUND
Date of change 06/10/2004
No. of securities held prior to change ORDINARY SHARES = 163,649
30/06/05 OPTIONS = NIL
Class SEE ABOVE
Number acquired ORDINARY SHARES = 9,408
30/06/05 OPTIONS = NIL
Number disposed NIL
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
$22,580
No. of securities held after change ORDINARY SHARES = 173,057
30/06/05 OPTIONS = 9,408
Appendix 3Y
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