So far ... confusion. Therefore I currently favour a buy.
If directors are converting to hold ... they would want to convert at the lowest possible price to avoid paying too much tax.
They could sell a million or so to cover tax, to drive the closing price down to help minimize their own tax. (But so far it seems unlikely they have dumped (for my money).)
A 7.7c close with 7.4c low with 10m on ASX and 2m on Cboe without any further director notices would be an ideal double bottom, point to rally from!
So far ... confusion. Therefore I currently favour a buy.If...
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