The other thing to consider, is that based on 35% of the company, the directors compined holdings have decreased by:
NZD$18.5 million - if on the NZ register. (65c to 56c) ($24.7million before yesterdays 3c increase).
AUD$16.5 million - if on the AU register. (52c to 44c)
So, given they have so much to gain/lose in their "adventures", either they couldn't see the real story being blinded by $ signs in front of them, or there is more yet to play out on this...