directors trading, page-8

I observed in a post last month, they announced a new reading policy on Jan 15. I actually read the thing and thought it kind of unusual that the only person in the Org that doesn't need a secondary approval source to purchase shares is the Chairman (Norgard). Crowther needs sign-off by Norgard.

I also thought the timing was NOT coincidental and flagged that the guys would be buying.

Directors would have had a good idea how at least January sales were going when they jumped in on 18-20 Feb, and certainly would have known how February went and how part of March was tracking when Norgard bought more on 27 & 28th March.

You are right that they had flagged general cash outcomes before buying. But not always...

On the 20Feb, NEA announced its cash update....but this was 2 days AFTER Norgard starting buying! OOPS!!