See the attached article in the...

See the attached article in the Australian:

http://www.theaustralian.com.au/business/opinion/battle-for-bullabulling-heats-up-as-corporate-governance-questioned/story-e6frg9kx-1226062239181

On the face of it, it seems they decided to issue themselves the options in June 2010. Then they didn't inform the market about these options until September 2010. The options motion was defeated by proxies but they passed it anyway on a show of hands. There is a word for that I think.

On top of that, they traded stock in August 2010:

http://asx.com.au/asxpdf/20100903/pdf/31sb2h4ckhh477.pdf

So, it appears that they hadn't disclosed the new options at that time of trading so effectively traded the stock when knowing something material that hadn't been disclosed to the market. There is a word for that I think.

Not very pretty. All IMHO, DYOR.


I hold GGG stock, but not AZX stock.