This may seem like a bad look but if you get down into the specifics and think about it, IMO it changes nothing but brings a buying opportunity for some.
Why would he sell at the lows instead of a higher price? This is obviously not a financially clever move. Does he know something that the rest of the whole RAP team don't know? I wouldn't think so. No other directors are selling, it appears to be an isolated incident. How can you begrudge the man for wanting to pocket over $2 mill for a lot of hard work he has put in to date. For all we know he may have massive debts, divorce pending, etc, no one knows his financial situation. Director's may earn more later down the track on paper, but at the end of the day the shares need to be sold to turn into hard cash and usable money.
The pivotal study is blind so there's no leaks and the preliminary results are fantastic. If people want to dump Monday, do so, but remember it only takes one day out of the blue before another large firm buys and you miss a large run up. ...And you will be buying again at some stage![]()
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- Ann: Change of Director's Interest Notice
Ann: Change of Director's Interest Notice, page-162
Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #
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