TRY 0.00% 3.0¢ troy resources limited

Directors Survive, page-10

  1. 1,537 Posts.
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    It was not a question asked, but bad governance was mentioned.

    I have posted here before that there was just a technical breach of Troy's blackout period caused as much by Grimwade as by Jones. And after that the share price remained stable.
    The second sale in December was a single order where partially executed the next day. So no way to know before.

    There is nothing to the share sales.

    Also I assumed the sale was to provide money for his other companies (great success recently). I have learned that might not be exactly true.
    Remember that he did not sell a single share himself but Warrigal did. And that company is only partly owned by John Jones. From what I have learned it might have something to do with other business partners or family members. John Jones might even have arranged for something behind the scenes so that the sale was only less than half as big as it could have been.

    What bothers me about the share sale is that it is depressing the share price while in reality the situation may be have been exactly contrary to public impression.
 
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