Each of the 2 directors purchased 50 mil shares @ 2cents = $1 mil. Sold 45 mil shares @ 3.5 cents = $1,608,067. Purchased 15 mil shares @ 3.4 cents = $512,500.
Nothwithstanding the holdings they had already: they tipped out $1,512,500 to buy 65 mil shares. They sold 45 mil shares for $1,608,067, so they are $95,567 in cash profit.
They now have 20 mil shares with a notional value of 3.2 cents, or $640,000. Their cash position is improved by $95,567, so they have profited $735,567 each.
They each have $5.4 mil stock on conclusion.
Textbook trading. Winners are grinners
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