Tonik - that's being a little loose with the truth isn't it? He held 1261000 shares personally and 464000 in a subsidiary of a director related family trust. Only the 464000 shares were sold at $0.21.
Last annual report reported he held 1336000 shares ignoring any options.
I'd hardly call that the majority of his shares, and I would not assign as much meaning behind a family trust sale compared to a personal holding sale.
