MAY 6.67% 3.2¢ melbana energy limited

Ann: Change of Director's Interest Notice - M Sandy, page-59

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  1. 11,635 Posts.
    lightbulb Created with Sketch. 1689
    well some of us have averages well above current levels, so yes it feels a bit icky to have all of the directors selling chunks at levels below what you bought at… when we have several massive expected positive announcements coming soon.
    sky isn’t falling in at all. The market showed the other day they don’t care at all about the selling as the price went up on a dreadful market day. I care though. It’s one of my metrics for a companies short term potential. Of course there are plenty of examples where they get it very wrong and the share price goes way higher, but I still do not like it.

    i would much preferred they had updated us on what was said at the partner strategy meetings in Cuba before the selling, then I think I would feel completely on a level playing field re knowing about the important stuff. Zapato has nothing to do with this as we all know it’s an unknown. But I’m forced to question whether those meetings came up with road blocks re what I’m personally hoping gets agreed and announced.
 
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