3.5% ain"t too bad. (and the other 8% of Empire Energy I assume is also owned by him?). I think he has a lot of incentive to get this share price moving!!. Don't forget also macquarie has a raft of options at higher levels, that can be used to fund IMP, and give macbank equity in this as well!.
Yes, 1 million dollars is pretty substantial for 2010. (in 2009 he only paid himself $386,000). But given the number and size of deals I don't think its grossly excessive.
There is clearly a large buyer at 11 cents at the moment, who is buying very quietly, and not disclosing his full size. Now is the time to give management the benefit of the doubt. IMVHO. get back in ASAP..
GL
IMP Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
