NEU 15.1% $16.57 neuren pharmaceuticals limited

Ann: Shareholders provide further support for Rett syndrome, page-21

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  1. 6,218 Posts.
    lightbulb Created with Sketch. 1670
    Bear in mind, that back in early Feb 15, Mr. Walker purchased 35 mill shares through the effective transference of Larry Glass's 0.013 options for approx. 0.15c a share (the SP then being 17.5c). He is a bit underwater on those shares now. This 70 mill (if the majority are effectively owned by him) at 9c would go a long way to a bit of 'averaging down'.

    I can only see this as a huge show of enduring confidence in this company by Lang Walker. Effectively this issue provides NEU with a little insurance against failure of Fragile X to show adequate promise (which would cause a substantial drop in the SP), but provides him with a perhaps additional well deserved reward for his long term support of the company, should the trial produce a demonstrably positive result.

    Not implying anyone knows anything, but I interpret this development as very bullish on the part or Walker and the company.
    Last edited by What A Gas: 09/11/15
 
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