Directors are human too....they too speculate and invest...my guess is just like the last times 3b's started getting issued...
I believe the directors and high end workers are setting themselves up ready for the next rise in sp.... it takes them time to get the options paid for, then issued and ready for sale...
if they leave it till the last minute then they might miss the peak, just like last time, it peaked at 53c... Maybe they are anticipting a jump up again with the sp, just like most of us are????
I would only panic if all the outstanding options were converted....then that would mean they are all getting out. but thats not happening so no need to panic IMO
if my memory serves me correct then the directors etc can automatically convert all their outstanding options if and only if a T/O is approved....so it will benefit the directors financially to get a takeover offer approved.....
Cheers
SDL Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held
