I was in the same boat with you until a few days ago when @madamswer kindly explained it to me. And now I understand how this really shouldn't be allowed. Essentially it is preferential treatment to the directors. If they wanted to get that volume of shares, they should buy it like everyone else which would not result in them having such a low average buy price, and would significantly increase the share price on the market. Why should they get any preferential treatment compared to any other shareholder of the company? In fact, the share holders (owners) employ them so technically the employees get a discount?
Either way, the exact same thing happened in another stock that recently did a raise. Is this a relatively common occurrence? I guess the one positive we can see from this is that it does show management support for the company by having skin in the game. Just the method of doing so is unscrupulous.
- Forums
- ASX - By Stock
- BMT
- Ann: PKS Director participation in recent placement
Ann: PKS Director participation in recent placement, page-9
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BMT (ASX) to my watchlist
|
|||||
Last
23.0¢ |
Change
-0.010(4.17%) |
Mkt cap ! $69.35M |
Open | High | Low | Value | Volume |
24.0¢ | 24.0¢ | 23.0¢ | $20.82K | 86.99K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 114908 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.0¢ | 69316 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 114908 | 0.230 |
2 | 51700 | 0.225 |
1 | 7937 | 0.220 |
1 | 50000 | 0.210 |
3 | 122543 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.240 | 69316 | 3 |
0.245 | 64213 | 2 |
0.250 | 108525 | 4 |
0.255 | 93566 | 3 |
0.260 | 6896 | 1 |
Last trade - 13.15pm 28/06/2024 (20 minute delay) ? |
Featured News
BMT (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online