There are acceptable/palatable reasons for 'selling' shares as a director, but only a few.
And usually, unless its a dead sh*t company, some commentary is offered by the company as to the reason(s).
At face value, he sold a significant number of shares (perhaps some of his free shares) for a price that was approaching the 12-month low (and below the share price at the time), in advance of important assay results being released to the market.
There is a reason that directors are required to issue these disclosures to the market - it's not unnecessary paperwork of no value. There are reasons why director are not able to buy and sell shares within a window around material announcements.
Directors are in a position to be - by law - the ultimate insiders. Is insider trading good for other market participants? Of course not.
I'm not being emotional at all - perhaps you are.
So I stand by my comment - not a good look.
Same with the company promising things that it does not end up delivering on.
Feel free to change direction if the circumstances warrant it - in the interests of the company - but explain why that change was made because people make investment decisions on what the company tells the market it intends to do.
This company could and should do better.
- Forums
- ASX - By Stock
- AW1
- AW1 General Chat
AW1 General Chat, page-3633
-
- There are more pages in this discussion • 438 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AW1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.00M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
AW1 (ASX) Chart |
Day chart unavailable