NWT 0.00% 11.5¢ newsat limited

chairman's address to newsat shareholders, page-6

  1. 1,476 Posts.
    I admit I had to sleep on it before it added up.

    The directors are paranoid about buying shares and being hit for insider trading, before you laugh Rinkin went to jail for $300 profit.

    Also "..Multiemedia director - between 2002 and 2004 - Clinton Starr wasn't so lucky. He was successfully prosecuted by ASIC in March for also not disclosing his trading in the company's shares.."

    My bet is Green (or others) wants to buy more, by announcing effectively "We are doing mega deals with everyone" and "we are making lots of money" you negate the charge that you knew something the market did not. This is regardless of having said it before. It also comes down to timing.

    So I'm OK with it. I'll bet insiders are buying, the above relates to staff also.




 
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