directors right or wrong

There is a lot of debate as to if what the directors did in selling shares was legal or not.
There is no doubt that if they intentionally inflated the initial strike or indeed later found that their original assessment was over the top & indeed then acted by selling shares without informing the market, their actions are criminal in nature & can be charged with such by the powers that be. The way in which the initial announcement was made was perhaps over optimistic in it's flavour but to prove it was misleading is another thing.
Whether or not there is any impropriety time will tell but the facts remain that Professional Directors should know better than to trade shares in a speculative stock when the market is awaiting a price sensitive announcement. To sell shares at that period does NOT inspire confidence of the Company nor to it's share price potential to other shareholders nor to wouldbe investors who are obviously not privvy to the same extent of information.
If their actions are criminal only time will tell however an excuse of inexperience would be hard to accept given the people concerned, which leaves us with greed or a look after number one attitude by the Board, which is not what most people look for to put their hard earnt dollars.
Their actions have certainly created confidence & trust issues in both management & the Company as a whole are concerned but to what extent we will have to wait & see. I'm still hanging in there.
Best of luck to you all