40m shares sold as a block trade at 75c in February last year that was well flagged as an announcement and by management. The sell down was roughly only 17% of the director holdings each. The CEO converted rights to shares in September last year and hasn’t sold any based on the director’s interest update today. Good to see them buying more albeit a low amount. The block sale was to increase the register and provide more liquidity. They have achieved stellar growth since listing and unfortunately Silicon Valley has gone through some changes that has led to a pause in the addition of new work for hire contracts. Publishing games is like making movies. Some will do well and some won’t. Believe their investment in capital and cash conservation to date has been prudent and well thought out. I still believe in this company. I bought more today to average down. Only time will tell whether this was a wise decision.
PLY Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
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