From my review of filings, 4 directors purchased shares in early June. IPD's CEO Tennealle O'Shannessy acquired ~$223k shares. Another director bought ~$50k, a third bought $35k and a fourth $25k. Thus, 5 IPD directors have purchased shares in the market at ~$3.60-$4/share in the past month following the share price collapse. This equates to ~$340k shares acquired by directors in the open market.
Let's keep in mind several directors already have exposure via shares, performance rights, and their salary package. The directors are under no requirement to purchase shares in the open market. They can invest this money anywhere else in the market. IMO despite the purchases not being massive, this breadth of insider purchasing is a positive signal.
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