This is most definitely not the reason for it. If it was they would buy more on market out of their own pockets.
It is simply greed. To be honest I don’t blame them. I would do the same myself if I could get away with it but I think it was bad timing on their behalf given how the share price has declined.
Anything above the previous High of $2.20 or so I would have agreed with but $2-2.20 was cheeky.
Ann: Notice of Annual General Meeting/Proxy Form, page-117
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $116.6M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.5¢ | 15.5¢ | $577.5K | 3.660M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1076046 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 223655 | 7 |
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| GLN (ASX) Chart |