with every sale he has made he has exercised options.
effect is that money is being directed into the company at the expense of short term selling pressure.
MD is a net buyer!!!
Three possible scenarios
1) MD is more interested in trading shares 2) MD knows where the company is going and is exercising options with long term vision (i.e. cap tax savings) 3) Company needs cash and he is making it happen.
I favour a mix of 2 and 3. There have been calls for some time now for the MD to exercise his options instead of dolling out cheap shares to mates and intos. Perhaps he got the message and is now showing some leadership!
In anycase, he is directing money into the company at a sensitive time to obviously protect his larger existing investment of many millions of shares.
I take this recent director action as necessary and I applaud his exercising of options - even if he got the funding numbers wrong!!!
GC
AAM Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
