A lack of confidence shown when the CEO doesn't exercise options at 14 cents, just above the share price...and has been recently selling shares to meet margin loans. Note: I don't have any issue with management selling shares. But, it's not a great when the CEO was paid $900k last year (including stock options) and $606k in FY18, and he can't even afford to pay for $238k worth of options, when he sold a truck of shares over the last few months.
Doesn't speak much for his confidence in the future...
$4M in cash - might need to raise more cash to whether the recession and pay for end of year xmas restocking. Perhaps, Mark's waiting to support the next raising and get cheaper oppies.
Thoughts?
Ann: Change of Director's Interest Notice, page-18
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