yes this would seem totally rational if you didnt know that just around the corner the shares would be worth 5 - 10 times what they are now....and if anyone knows that...its DM.
Just tells me there is a long way to go yet. If you view this with a frame of another 2 to 3 years, this is a completely reasonable and sensible accumulation strategy.
If you truly believed you could be bought for billions any week now, or within 6 to 12 month then it doesnt seem so rational.
Ann: Change of Director's Interest, page-22
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