PENTANET LIMITED (ASX:5GG) - Ann: Change of Director's Interest Notice - D.Buckingham, 60250910, page-3 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by sabine: ↑

Thanks for the show of confidence David.
I figure when you were CEO at iinet you saw plenty of ups and downs ( Someone told me once they were investing there when the price dropped to 22c because their son worked there for you and was so trusting and keen.)

And with 200,000 shares already plus 3 million options (ranging from conversion at 30 to 50c) this near $10,000 buy is hardly anything else?

cheers

https://www.crn.com.au/news/perth-t...ceo-david-buckingham-as-board-chairman-553115

Perth telco Pentanet names ex-iiNet CEO David Buckingham as board chairman

By Nico Arboleda
Sep 10 2020
4:53PM

Perth-based internet services provider Pentanet has named former iiNet chief executive David Buckingham as its board chairman ahead of its plans to list on the Australian Securities Exchange.
Pentanet offers internet services through its own fixed wireless network, which the company claims is the largest private network in Perth, as well as fixed-line services on the NBN and fibre wholesaler LBNCo.
The company said Buckingham’s appointment brought “a wealth of industry and executive experience”, with his background in both finance and telco.
Buckingham was iiNet’s chief executive between 2014 after the departure of founder Michael Malone, later stepping down in 2015 after the company was acquired by TPG. He most recently worked at education provider Navitas as its CEO until July 2019.
Speaking on his appointment, Buckingham said he was delighted to be asked to join Pentanet’s team.
“It’s particularly rewarding to be involved with local successful entrepreneurial companies, and Pentanet is a prime example – built from two people with a genuine passion for using next-generation technology to deliver what customers increasingly need and want in the current internet age,” he said.
“From my experience, using the best technology available to deliver the best outcomes for customers leads to successful growth.”
Pentanet managing director Stephen Cornish said Buckingham’s appointment came at a pivotal stage in the telco’s trajectory.
“There’s no better success story out of Perth in telecommunications than iiNet, in which David played a critical role as CFO and then CEO,” Cornish said.
“Having access to his experience will be immensely valuable and I look forward to working alongside him in the next phase of Pentanet’s growth.”

Expand

Agreed, $10,000 seems a small show on confidence, hardly a significant amount.

Although as far as I can see it is the first purchasing of shares on market for a long time by any of management, so I guess you can read into that as you like.

Also Sian (personally) has no holding, however I believe her fiancé Laurence is quite friendly with Stephen. Billionaire friends with experience scaling online gaming services can never be a bad thing, especially when Sian was directly involved in a lot of the development as far as I can see online. Great addition to the team.

Small moves in the right direction, assembling the right people for the right job. Buckingham to scale the fixed wireless network with experience and connections from iiNet and Sian scaling (hopefully) Geforce now and cloudgg judging off her experience. Obviously there will be large crossovers between the two in each field, however that's the way I see the two being utilized to their full potential.

Goodluck.

No.	Vol.	Price($)
1	410344	4.6¢

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3	292201	0.042

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Price($)	Vol.	No.
0.047	17280	4
0.048	122909	3
0.049	222222	1
0.050	36000	4
0.051	150000	2

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(20min delay)
Last 4.7¢		Change 0.006(14.6%)		Mkt cap ! $20.35M

Open	High	Low	Value	Volume
4.2¢	4.8¢	4.2¢	$158.1K	3.453M

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