LNC 0.00% 99.5¢ linc energy ltd

Ann: Change of Director's Interest Notice , page-10

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  1. gkm
    331 Posts.
    I dont think a lot of people read that these transactions were done on the 4th and 5th of August.

    Linc went into a trading halt on the 3rd of August and back on trading on the 4th.

    And if we connect kombikarlos's message - story becomes a lot more clear (or less cloudy).

    I am just thinking out loud here:

    Brian wanted the funds for another reason (maybe even to exercise options) and decided to sell around September - but with a sale almost a done deal (which of course he knew off), he waited till the right moment to maximize the value.

    Brian has a lot more than 1 million shares - there are a lot of options (more than 4 million).

    Now it doesn't seem all that bad - all directors in companies sell shares to pay off bills, mortgages, other investments, etc etc.

    What it does say however that Brian must've been desperate for the cash as he sold 1 day after the trading halt.

    I dont think there is much to read into it.

    Just thinking out loud again - DYOR
 
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