Firstly, there's been a misleading statement on this thread by a 'concerned, well-researched investor' that directors in ISN did not take up their full entitlements in the recent raisings
Here are the facts: 22 Dec:
Director uptake of share issue:
Jerome Korten: full uptake: 3,750,000 shares being ¾ of 5 Mill from 18 Nov rights issue 1 500 000 options. Took up more options than the 1/4 allotted
Ross Haghighat: 2735 600 shares 1496400 options. Took up more options than the 1/4 allotted
Only Ross Haghighat held shares prior to 17 Nov (~61 mill). His companies Triton & Maple became substantial holders 6 Sep 2011
NO DIRECTORS HAVE SOLD - that's the telling point!
Secondly,
Karmel sold down over a long period between May and Nov 2011. Hardly a dump. And we don't know why they did it. It could be for any number of reasons to do with Karmel needing immediate money during 2011
This will sound ironic, but while forums have their place, the biggest mistake anyone can make in share trading is to take advice from a forum - particularly when that advice is obviously emotional.
ISN Price at posting:
14.0¢ Sentiment: ST Buy Disclosure: Held