With a bit of luck Davis is dumping his last 1m shares and we will see the last of him.
Perhaps then a bit of stability in SLR. Gold will still rise after the scaremongering which fed the US election diminishes. That wont happen for the next few months until all the lefties get tired of parading in the cold.
To combat the actions of Davis et al, Directors of listed companies should be forced to declare their intentions to sell shares in the company they direct at least 48hrs in advance with perhaps an emergency provision for personal hardship, etc. They are privy to sensitive information and their behavior has a direct impact on all shareholders. How do the other shareholders know if Davis has info that suggests SLR may be in a spot of bother. It should be insider trading to sell your shares on market ahead of bad news, if, you have access to that info before letting the general market know. If they are jumping ship then they need to declare it, otherwise we end up with a SLR/EGR fiasco where Directors took their money and ran, leaving everybody else in the lurch. The first anybody knew of the dastardly act was when the directors interest was revealed weeks afterwards.
DML was another fiasco where shareholders where told not to accept a takeover offer but when the crap hit the fan the Directors sold out while telling everybody else to hold tight and everything was going great. What happened to the Directors -sweet FA.
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