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9.52%

3.8¢ painchek ltd

Ann: Change of Director's Interest Notices x 5, page-6

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NonPolar

314 Posts.

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15/03/23

18:29

Post #: 66785186
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Originally posted by jellyroll: ↑

Leaving aside for a moment that they could probably do with a little bit more cash, there is so much to like at Painchek and you can clearly see the commercial progress they are starting to make and where that can/may lead over the next 18 months.. However this lack (very late) disclosure of changes to directors holdings is incredibly basic stuff and does not fill me with confidence that they have the corporate governance ducks in a row.

I could just about forgive the buys not being disclosed, but the sells, that's unforgivable, the individuals involved knew full well these should have been disclosed and if they did not know then they should resign at once as they are unfit to be a director of a listed company. Also the fact that it involves 5 directors and not a single individual suggest a systemic issue.

Hopefully a one off, but for now moves it to a watching brief for me.

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I don’t disagree with the thrust of what you are saying but to be clear there are no on market sales there, only lapses in options and conversions of options to shares from what I could see. This is not a case of individuals trying to hide sales but rather poor governance on systematically recording changes to options.

PCK Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
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Last 3.8¢		Change -0.004(9.52%)		Mkt cap ! $62.16M

Open	High	Low	Value	Volume
4.0¢	4.0¢	3.8¢	$2.266K	57.83K

Buyers (Bids)

No.	Vol.	Price($)
1	82304	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	403495	3

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No.	Vol.	Price($)
1	82304	0.038
1	13513	0.037
1	30000	0.036
2	310572	0.035
2	150000	0.034

Price($)	Vol.	No.
0.042	403495	3
0.043	380000	2
0.044	424004	3
0.045	451573	5
0.046	379498	1

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