Ann: Implementation of Padbury and Aurium Merger , page-21

re: Ann: Implementation of Padbury and Aurium... Insideman - check the last annual report and the impending change of directors interest / change in substantial holding notices post merger. You will see that two of the three directors have more stock than most others and should have the 2 largest holdings.

TQ 254,888,000 PDY plus issued shares post merger of approx 27,780,000 (AGU Ann Rep).
WH 100,300,000 PDY plus issued shares post merger of approx 42,000,000 (AGU Ann Rep).

The other director (GS) holds stock, albiet a minor holding and whilst it would be great to see all 3 in the Top 20 how many other companies have directors with vested interests to this extent??

I personally prefer to see the directors take a pay cut post merger in lieu of a comprehensive options program with clear cut targets for conversion once set milestones have been achieved and the directors sink their cash into the company that way rather than buying on market with their surplus cash from salaries that don't reflect the companies recent performance.

Particularly important IMO to preserve cash for the next 12 months until we see what happens with the Midwest from an infrastructure point of view. Just my 2 cents worth...