director exercises options and starts dumping

MM thats not very encouraging to see them offload just as the story is getting noticed , shame on him I was looking at re entering Monday but will back off a little longer now. May only be offloading to cover the cost of converting, have to keep watch I guess.



Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
30/9/2001 Appendix 3Y Page 1
Rule 3.19A.2
Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and
documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
Name of entity Wasabi Energy Limited
ABN 24 000 090 997
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the
director for the purposes of section 205G of the Corporations Act.
Name of Director Tim Wise
Date of last notice 8/1/02
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Direct or indirect interest Direct and indirect
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the
relevant interest.
Director of Finind Pty Ltd
Date of change 2 to 9 February 2007
No. of securities held prior to change Shares
T Wise – 5,055,338
A Wise – 3,359,691
Finind Pty Ltd – 5,883,400
Options Expiring 11/2/07
Finind Pty Ltd – 10,000,000
Class As above
Number acquired 10,000,000 shares
Number disposed 2,000,000 shares
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
Acquisitions - $200,000
Sales - $105,140

Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
Appendix 3Y Page 2 30/9/2001
No. of securities held after change Shares
T Wise – 5,055,338
A Wise – 3,359,691
Finind Pty Ltd – 13,883,400
Nature of change
Example: on-market trade, off-market trade, exercise of options,
issue of securities under dividend reinvestment plan,
participation in buy-back
On market sale of shares. Exercise of
unlisted options.
Part 2 – Change of director’s interests in contracts
Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change