on august 21, the company announced a placement of 22,500,000...

on august 21, the company announced a placement of 22,500,000 shares at 1.5c. a day in which about 130m shares were traded

at the agm, the company was authorized to place up to 60m shares in the company, of which 15m shares could go to the directors (OR THEIR NOMINEES), on the basis of the following

mr beckwith 6m
mr goodsall 2m
mr pynt 5m

watso wonders if part (ie 15m shares) of the placement went to directors (or nominees) all perfectly legal, and if so, were they immediately dumped into the market??????. if the directors took part in the placement, and immediately sold, then maybe they might be able to overlook a section 3y notice, as on the day, there was no change in their holdings. from what watso can determine, the company is a bit lax in issuing section 3y notices.

just a thought that went through watso's mind