Might wanna reread the Ann buddy. Options lapsed.

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26/03/24

09:56

Post #: 73057046
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Originally posted by Flambeau: ↑

Today, 25/03/2024, the director's "final director's interest notice" was published.

The director was selling down his position prior to his resignation:

source: extract from 18 Dec 2023, ASX:CHK, Change of Directors' Interest Notices https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02755509-3A633517

So... the guy with the most knowledge of ASX:CHK is exiting, and he was selling down his holdings before hand? Not good.

"I would like to deeply thank Andrew for his guidance and leadership of the Company over the past 4 years and wish him all the best in his future endeavours." source: 21 Mar 2024, ASX:CHK, Cohiba appoints CEO and Non-executive Director https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02787364-3A639189

It reminds me of this Dilbert cartoon drawn by Scott Adams:

source: Scott Adams, 02/12/2001, United Feature Syndicate Inc. www.dilbert.com

"I'm with Dilbert and Walley on this one, if the chief executive officer is bailing out then I'm heading for the exits too, I don't care how much time you spend studying a company your not going to beat corporate insiders in the trading game..." source: Prof. Ramon P. DeGennaro, 2014, How the stock market works, The Great Courses, Chantilly, Virginia 20141-2299, The Teaching Company.

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Might wanna reread the Ann buddy. Options lapsed.

CHK Price at posting: 0.3¢ Sentiment: None Disclosure: Held
8 Upvote

1 Great analysis

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