Ann: SIV AGM CEO Presentation 29 November 2018, page-19

I like your observation. I've also noticed that the share price has continued to drop after all the "insider purchases" that Few Pennies keeps talking about, which means that every board purchase has lost them money so far.  If these purchases were for profits, it shows a lack of insight on their part. The most recent 3Y has lost around $7k in less than a month. Unless of course the purchases were for other reasons? For a broader picture of stocks beyond the investor presentations, make sure you're connected to their social media. Even though they're heavily managed, I get a much better insight into companies from their facebook pages than you might imagine.