Make a quick buck?Directors of ASX-listed companies can buy and...

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lixiaouow

496 Posts.

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16/05/24

15:56

Post #: 73860950
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Originally posted by Hawk70: ↑

It's frightening to think you actually shell out money with your crackpot rantings.

For those who cannot be bothered to look - and pumper here who couldn't tell the truth if it shook him by the hand...

They agreed during the CAPITAL RAISE.

When the Share Price was just under 10C to buy shares for 7.5c

They thought they would make money.

The SP has plummeted but guess what! The greedy folk still have to pay up!

So yeah, they have just paid 7.5c for shares worth 6.5c

They had to by law you numpty.

They tried to get greedy and it blew up in their faces.

It's not 'supporting the company' - they tried to make a quick buck and even got that wrong.

Again with the market cap - it has exactly zero reflection on the SP.

Zero.

Every post you put up just shows you don't have a clue. The people upvoting it have even less sadly.

Oh, and the directors didn't 'approve it' - They can't vote as they have 'an interest' in the transaction.

Basic stock market stuff 101

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Make a quick buck?

Directors of ASX-listed companies can buy and sell their own shares, but they need to adhere to regulations and company policies regarding insider trading and disclosure. Generally, directors must disclose their transactions, and they cannot trade based on non-public information. Trading for short-term profit immediately after buying shares may raise suspicions of insider trading and could lead to legal consequences.

CR at 3C is a quick buck, not 7.5C.

NYR Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
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