I too emailed the CEO with my concerns about the director selling - looks like I got my reply quicker than you jay! A very informative email explaining how Mix&Go works amongst other things. I'm sure everyone is reading too much into this than is necessary - the guy probably has a mortgage to pay like anyone else and a tax accountant who advises him how to juggle his monies. Anyhow, after receiving this response from the CEO I will continue to hold on tight for the long term, and have also topped up with oppies.
"In answer to your question about Directors selling I would strongly suggest that there is no reason for concern. The shares sold represent a fraction of the total number of shares held by Directors and do not reflect on either Directors? confidence in the Company or their views on the timing of future announcements. I would love to sell a small number of shares to allow me to put some butter on the stale bread I am currently eating but I haven?t done so because of the potential for negative sentiment. More can be read into these actions than is justified."
ADO Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)