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6.1¢ cirrus networks holdings limited

I also think it would be a good time for a update just to settle...

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mwap

164 Posts.

25/10/17

12:56

Post #: 28180701
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Originally posted by newieboy ↑

Couple of things on management buying the shares - Matt Sullivan did indeed dip into his own pocket to buy shares in CNW as recently as April. Given the slew of news since then there have probably been not that many opportunities for him to have another crack. And that's the other thing - Richmond is no longer on the board and can buy and sell his shares whenever he feels the need. But current management can't necessarily be buying them off him if they know about price-sensitive news that might be in the pipeline.
So there may be very good reasons for both Richmond wanting to sell - his own personal circumstances post-heart attack and move overseas - and management not taking them off his hands. Their hands may indeed be tied. We don't really know.

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I also think it would be a good time for a update just to settle the market.
If we see that the company is making grounds with profit and margins would be good .

CNW Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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