That...is the weakest explanation I could possibly have imagined. Not to mention contradictory - requesting permission to sell shares but then selling BEFORE he received permission???? Very lucky he had access to his trading platform but no way to communicate otherwise with the company he is the non-Executive Chairman for.
On the up side - very happy that it is now being investigated (or am I wrong?)
I luckily have only lost <$500 to this debacle - I feel for those who are worse off.
K.
Ann: Breach in Securities Trading Policy-NTM.AX, page-2
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