It's not about the chairman selling.. and even though the +6m that he did sell was well above daily average volume...
It's not even that he got "top-price" - good on him (or his agents for nailing that)... although to get out that many shares at top price... hmmm (and remember i was watching every trade)..
But when I combine the fact that OGX has traded for 3 months within a half cent band.. say 1.9c - 2.4c (give or take) AND then after some results -- although good-- the SP bags in a single day and your/our chairman manages to nail the top and sell those shares...
BUT the cherry on top-- and that's what I object to the most.. is that he "bought back 25% of what he sold the following day"..?
THAT is what gets my goat. The chairman should NOT be "TRADING" in the shares.. and definitely not in consecutive days.
Good luck to those holding none the less.. I will be watching developments and SP with interest.
OGX Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held
