The Corporations Act REQUIRES Eckhof to care. As a director he...

The Corporations Act REQUIRES Eckhof to care. As a director he is legally obliged to act in the best interests of the company. Decimating the ability of the company to raise capital with minimal dilution is contrary to this and accordingly the guy has opened himself to civil suit. Especially as he very publically admitted (in the press) he was selling for personal gain with full awareness of the effect on SP.

Irony of ironies, he could well get sued for more than the sale value of his shares.