PNV 0.41% $2.45 polynovo limited

Ann: Director Share Purchase - David Williams, page-14

  1. 2,832 Posts.
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    I suspect the reason he hasn't bought every day is the same reason you don't keep winding a reel when you have a fish on. You let them exhaust their reserves and wind when they relax. That way it doesn't cost so much energy to bring in the really big ones.


    $956,171.81 paid by Lawn Views Pty Ltd to acquire 833,486 shares at $1.1472 per share via on-market trade.
    https://hotcopper.com.au/data/attachments/4401/4401020-91f0d470931fd01afabadab2adae2426.jpg


    He is getting the shares at good prices because the shorts keep piling in to drive the SP down, and he waits for the SP to drop and picks them up cheap.
    I feel like he is happy to do this until his buying window shuts. So far he has bought over $5 million worth in this buying window.
    So I am also happy I bought at 1.15 yesterday as it seems to be about where DW is happy to suck up lots of shares.
 
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