KZA Chart, page-387

Hey Spy,

I personally don't want to publish data of personal affairs but you can get the register. They are still in the top 10 lets just say that. Enough sold to account for what I thought was an anomoly on Friday. Judging by monthly volumes it will take a several months of selling to unload the rest.

What surpised me was the order of the milestones is out that is 4 (4 being the biggest one by a fair clip) was paid before 2. I suspect 2 is the completion of Phase II just by the order but that is not disclosed till after it is triggered. So its possible they might sell it all down knowing that another milestone may be triggered soon maybe forcing Kazia's hand to pay cash or just get them more shares. Its a beautiful thing for them.

So starting Phase III before Phase II is finished might not have been contemplated at time of contract is my guess.

On the upside if there was a takeover in the wings they may strike sooner.