Does it pass the pub test? Me thinks not.
Simple facts:
1. He should NEVER have sold at that time - PLUS - PCL's policy should have a black out period during drilling - I believe even WPL and STO have these.
2. Options were no where near their expiry date - so why exercise/sell now on a huge speculative share price run?
3. He has no real $$ invested in the Company - mainly free stock issued for what now appears to be worthless Californian assets. Taking $250k off the table is taking the proverbial.
I'm sure he's a nice fella - but he has made a serious error of judgement and like all leaders, someone needs to be the fall guy (without a handsome payout). Anyway - seems ASX is all over it - so will see what eventuates. Chairman prob needs to go as well. Very poor governance.
DYOR
Ann: Response to ASX Aware Query, page-4
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $130.1M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.6¢ | $123.0K | 7.674M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 7479874 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 895007 | 6 |
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| Last trade - 15.43pm 12/11/2024 (20 minute delay) ? |
| PCL (ASX) Chart |