Analysing Director Share Purchases

Recently, there seems to be some movement in Director purchasing the shares of QHL. Seems exciting at face value, but absolutely depressing and frustrating after analyzing it. My own view below:

The weighted no. of shares inc. share based payments:
2020: 719,756,792
2019: 605,706,542

An increase in ~18.83%!!! number of shares in the market!!! Yes, there was a Share Purchase Plan @$0.085 when SP was @$0.0935, but look where we are now.

In 2021 so far,

Mark- Purchased 250,000 shares for a grand total of $15,250. (final holdings: 3,959,707shares and 12,091,793 performance)
Patrick- Purchased 400,000 shares and 600,000 shares for a $24,400, and $26,000 respectively. (final holdings: 1,400,000shares)

Mark's remuneration package- 2020- $771,180 2019-$889,156
Patricks Director package- 2020-$126,000? 2019-$35,000 (Joined Dec 2019)

Patrick taking over as Chairman of QHL, I suppose his salary would be $126,000 minimum, considering that was Mr Quick's salary before his departure.

Hence, looking at it, Mark spending only approximately 1.977% of his salary purchasing shares, and owning ~2.2% of the outstanding share including the 'performance shares' and Patrick being new to the board, having no shares previously.

I have no idea what is happening to QHL, or if the Directors are trying to show strength in belief of the company. It is still falling far short from what I would say is a show of strength. I am awaiting to see if the purchases would increase, and across the board members in substantial amounts.

Hey, in 2020 the whole management's remuneration package was $2.77m and 2019 $3.0m!

I think if they purchased more on market, I would definitely see it as a sign of confidence and solidarity with shareholders! Unless they too believe that the company has a bleak outlook or the SP would sill continue to slide.

I do hope they figure something out soon!