placement done, directors in, push soon, page-2

hey blokes

did you notice Grange Consulting (Ian Macilver) disposed of 26m shares and 11m options via an off market transfer?

what do you think the play is here?

why would he sell for virtually the same price as rights issue when he wants more shares in tranche 2 of placement?

he could have sold on market and got more $$$

as for consolidation, do the options have to be exercisable at 20c to comply with chapters 1 + 2 ASX listing rules?

i'm still holding, having read the Wolf of Wall St recently, the phrase "rathole" comes to mind here, similar to a nominee