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Fair comment. However I would have put money on some sort of...

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Quiltman

2,308 Posts.

2852

14/07/21

09:18

Post #: 54484519
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Originally posted by JulieM: ↑

The more I look at it the more I come to the conclusion that this is a non issue and nothing to with the company and future announcements but more about family or personal financial matters. Firstly the amount is not significant to his whole holding, if one is going to be trading on inside info, that trade makes no sense. Secondly, the trade was put through as a special cross after market at discount, he could of sold during the past week or 2 and achieved a far better outcome, this trade suggests that he needed the money fast and the rumour is that another major shareholder took the whole line, again it is completely inconsistent with trading inside info, moreover the other directors have not sold. As per my prior post, i have seen this many times, my sense is that he needed the money quickly, perhaps for family reasons eg deposit for a house etc or a tax liability. There really is nothing to see here. I doubt it will at all act as an anchor to the price. It's a non issue.

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Fair comment. However I would have put money on some sort of before market announcement to soften any downside and there it is. All good though, and I think you are right.

NUH Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
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