MMN macmin silver ltd

change of directors interest, page-7

  1. 3,166 Posts.
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    re: why are the directors selling? Well picked up! The announcement was that options had been converted! The actual sale appears in very small writing on the directors change in interest. I suppose, he's still sitting on 6M odd shares AUD$2.3M so it's not as though he's bailing out! He has in the past openly said that he supported the company by digging into his pockets during the tough times and I can confirm he did! Obviously there are those that will say he's done well out of the company and he probably has! He's also trying to support two companies, selling out of MMN and redirecting the funds to NGG. The only query I have is why convert options and cash them in when you can just sell the shares? I think that he deliberately converted to put cash into MMN's coffers! I am pretty certain that MMN has an agender and the agender requires more cash!

 
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