MFD 0.00% 68.5¢ mayfield childcare limited

red flag - Michelle Clarke's $250,000 purchase of shares

  1. 3,481 Posts.
    lightbulb Created with Sketch. 119
    Michelle Clarke vended her Pebble Patch childcare centre into Mayfield in 2017. After shareholder pressure she agreed to purchase $250,000 of Mayfield share's on market to demonstrate a level of commitment.  I refer to the announcement released on the 16th of November 2017.  " Furthermore, Michelle Clarke announced she will acquire a further $250,000 of Mayfield shares on-market, after final settlement of the acquisition, in accordance with the companies share trading policy "  It's the 10th of January 2019 and Michelle has still not completed her promise to acquire the $250,000 of shares, not withstanding the shares have reach a low of 83 cents.  Is it an exhibition of arrogance that the purchase will be made in her own time ?  Does she think shareholders don't read announcements and somehow it will just be forgotten ?  What does this tell us about the integrity to follow through on a commitment by a director ?  What will be the ASX's opinion of the announcement made by a director that has not been completed i.e. what is reasonable time ?  It's very concerning as a major shareholder to be treated with such arrogance by a director. I will be seeking an opinion from the ASX on February the 1st, 2019.
 
watchlist Created with Sketch. Add MFD (ASX) to my watchlist
(20min delay)
Last
68.5¢
Change
0.000(0.00%)
Mkt cap ! $44.73M
Open High Low Value Volume
72.0¢ 73.0¢ 67.5¢ $4.921K 6.999K

Buyers (Bids)

No. Vol. Price($)
1 1280 69.5¢
 

Sellers (Offers)

Price($) Vol. No.
74.0¢ 4000 1
View Market Depth
Last trade - 12.25pm 16/07/2024 (20 minute delay) ?
MFD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.