directors trading, page-10

Hi Kfann. The 20Feb announcement not that relevant as it was just confirmation of receipt of cash that had already been informed to the market was forthcoming. The more relevant announcements imo are those that occurred back in Jan advising the company was cash flow positive and the even earlier announcement of monetising all access.

IMO one could reasonably construe that the Directors in making the monetising decision they would have been confident of success otherwise why would they do it. Accordingly when big chunks of shares became available because of the Nixon sell off imo they bought shares because that had confidence in the company direction and also because the large chunks were there to buy . The buying occurred after the monetising decision and January cash flow positive announcements.

Blastoff makes the point that the company advised in its earlier announcement that the cash flow positive announcement did not guarantee that continued quarter on quarter positive cash flow. This was prudent imo as you cant predict the future first time sales. The results as I see it were pointed out at the normal specified time.

The way I see it I am very comfortable with what has occurred. The Company even brought its trading policy into focus in January when it notified the ASX of amendment to that policy. Indicates to me it is mindful of corporate governance issues.

In any event discussions on compliance by Directors as I understand it, is not permitted on HC.

cheers