EEG 1.96% 26.0¢ empire energy group limited

Lol. I mean seriously. “In the best interest of shareholders”-...

  1. 2,040 Posts.
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    Lol. I mean seriously. “In the best interest of shareholders”- what idiotic bs is that?

    He’s made a 47500 profit from selling his 500k shares.

    And now he’s making a 51k paper profit from these options he’s exercised.

    And now his net indirect position is now down from 2.1M shares to 1.6M shares. Saying he actually has more shares is just suspicious as hell. Anyone that thinks having options in the money are worthless probably should get their head checked.

    I got no issue that he’s selling some of his stake to make a profit. But trying to spin it on a positive way for sake of making profit is rather insulting…

    In any case now I’ll need to sell some too in line with what our md is doing and start wondering why he doesn’t believe he can sell at a higher price and not just ~30% above exercise price.

    the justification of the sale/exercise is clown like and disappointing.
 
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