I think you mean the directors selling 55m shares over the last 2 months. That explains the selling down pressure on every positive announcement for XST.
Whilst it doesn't mean the project is a duster, it doesn't provide holders with confidence I would have to say.
It also shows that BOD are not professional nor have shareholders best interests in mind. A lot of funny business going on behind the scenes.
Many pro traders pay close attention to insider trading. For example if insiders are buying the stock suddenly, it could mean good things are coming and it could be smart to also buy in at that time.
The same is true for the opposite, if insiders are randomly selling their shares it could mean something bad is coming and so they are securing profits at the higher SP before things go south. Whilst this is not always the case, it's just something to keep in mind.
People have mentioned before that these directors only make money through selling their companies shares (no wages?) I haven't fact checked that but mentioning it to keep a fair argument looking at it from all angles. It could also be derisking on their behalf and nothing malicious in nature.
Best of luck to all holders. I do hope it turns out to be a success for everyone involved
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.215M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 27027 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 1450000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 27027 | 0.010 |
2 | 802007 | 0.009 |
7 | 2401494 | 0.008 |
4 | 1453936 | 0.007 |
2 | 750000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 1450000 | 3 |
0.012 | 850148 | 3 |
0.013 | 266000 | 2 |
0.015 | 366900 | 2 |
0.018 | 300000 | 1 |
Last trade - 16.12pm 07/08/2024 (20 minute delay) ? |
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