Are there some sort of ASX rules that would have forced him to exercise now? Such as not being able to exercise options within a certain period of a sensitive announcement?
Does say to me .. short term bad ... long term good. But then wouldn't that be insider trading? If he knew there was a delay or a disappointment would he be allowed to do this?
Was most of the sale in cross trades? Maybe the share price pullback caught him by surprise and the deal was at a certain price based on the market price at that date? And a big cross spooked the market more?
Surely he would wait for the announcement or at least a higher price in anticipation of it.
director sells shares to purchase options., page-22
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$2.19 |
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Mkt cap ! $391.1M | |||
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|---|---|---|
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