Michael,as far as I know,is not a director of MST and can trade the shares as he sees fit. Are you sure he sold the shares and didn't transfer them into super for a better tax treatment.
If the other directors had sold down their shares they would have had to notify the ASX and didn't.
The shareholdings of directors shown in the prospectus is pretty small for the people running the company but the totals are the same as those shown in the last annual report released in April. The only exception is an increase from nil to 100,00 for Trevor Tappenden.
It will be interesting to see where the list of top twenty and directors interests stand after the rights issue and who the current and past investors with the $1.7M are.
My bed time..good luck to all holders.
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