sell on th fact?, page-43

GC,
He has not been a net buyer.
Sells pretty much to convert but let the 7,000,000 35c'ers expire.
I have no issue with letting the 35c ones expire although some converted may have been sensible.

However converting options that still have 1 year to run is weird...
1) MD is more interested in trading shares
-- Dont think so...
2) MD knows where the company is going and is exercising options with long term vision (i.e. cap tax savings)
-- Does not make sense to exercise options with 1 year to go... stock already held could be sold and create probably less stress
3) Company needs cash and he is making it happen.
Selling shares generates a tax liability and can then require more to be sold etc..
-- You better hope $100k is not that important...

Anyway, it is more important than checking how many shares another punter buys..