Ann: Annual General Meeting Presentation, page-116

Some facts are worth pointing out if it is indeed directors/management selling shares:
- the loans were interest free. This has the obvious implication that by not paying interest it frees up capital to repay the loan yet as far as we are aware not a single dollar has been repaid to date.
- the tenure of the loan provided ample time for repayment. They weren’t loaned money by a loan shark under unfavourable terms yet they had the temerity prior to last years AGM to effectively threaten shareholders into voting for a loan extension.
- bigdaddy made an excellent point that if they can’t organise a personal loan what chance do they have at securing loans for hundreds of millions of dollars from multiple lenders

I sincerely hope it isn’t the board/management selling as the lack of care for the effect on the share price would shred any remaining respect I had for them.