NAB 1.52% $38.21 national australia bank limited

directors selling and capital raisings, page-17

  1. 6,716 Posts.
    what does ullmer mean, he had missed the opportunity to buy shares at the discounted price ?

    firstly, he can still buy $10k in the SPP.

    and secondly, he can buy them cheaper now on market.

    Selling shares and buying them back 20% cheaper after a week is a pretty attractive transaction.

    It is selling with the inside knowledge of actions that would certainly cause a 20% fall in share price which is illegal, whether "board-approved" or not.
 
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