The directors control more than 50% of the company & it would be reasonable to assume that the long term target of the directors will be to privatise the company.
It would appear to be a more costly exercise for the directors to keep buying on the market, which pushes up the price, than to put in a takeover offer for the rest of the shares at a reasonable premium of say, 25% above the last sale.
There are probably many shareholders who will not sell on market but are waiting for the takeover offer to maximise their return.
Don't tell the directors because it is going to cost them more cash to continue on with their on market buying as oppose to putting in a takeover offer.
MVP Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)