certainly appears that way:
Sold a smaller chunk (700K shares) in September 2014, then 21.5M shares @ $0.035 in March and about the same number in April (this notice) for ~$0.025.
Never a good look - directors can of course have lots of reasons to sell (e.g. may need the money to pay tax, go on holidays, buy a house, pay school fees...) - they really only have one reason to buy - good old-fashioned GREED - i.e. they believe there is a potential for profit.
Most concerning for me is that he sold around 21M shares @ $0.025 (this notice) - basically swapped for 3-4M picked up in the rights issue.
Begs the question... if the CEO - who theoretically knows everything about the company and it's potential - perhaps some idea of forthcoming trial results even - if they don't have faith that the company has upside worth more than 2.5c/share, why should anyone else buy/hold?
I am consequently out of IVX - GLTAH, however I think this is not a promising sign...![]()
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.33M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.2¢ | $6.251K | 2.967M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
47 | 43316984 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 4352691 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
47 | 43316984 | 0.002 |
26 | 29577144 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 4352691 | 8 |
0.004 | 8453485 | 11 |
0.005 | 8422572 | 26 |
0.006 | 2074992 | 8 |
0.007 | 1562000 | 4 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
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