CFO backing NEA with big cash, page-3

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vic_wattle

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17/04/15

21:18

Post #: 15109670
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Originally posted by Kfann ↑

Hi all,

Its always an encouraging sign when directors exercise large chunks of their stock, especially when they are only a bit in the money. We pay them enough to do so and generally expect them to play the game.

But its especially encouraging when the senior management rob banks/sell their kids to exercise long before the option ex date looms.

If we take the last 3 notices and cross-check with the annual report we have:

CFO Beukes doing
27 March 1.0m @ 0.075 = $75k (ex by Dec '16)
17 April 1.5m @ 0.53 = $795k (ex by Oct '17) NOTE: at the money!!!!
17 April 1.5m @ 0.415 = $622.5k (ex by June '17)

for a total outlay of a whopping $1.4925m!

His colleague, Paul Lapstun (CTO) seems to have raided the piggy bank for some $375k to prematurely ex some 2.5m options not due until March '17.

The CFO didn't have to ex the 53c oppies. If I was him, I wouldn't have. But something is definitely happening to encourage these guys to dig very, very deep.

Now just waiting for Peterson to ex his 2.5m @ $0.075 which will mean the executive management team have exercised ALL their vestible options way ahead of time.

Unprecedented.

Cheers

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with the current sp in the mid 50s, would'nt he be a mug not to covert his options at 7c and 41c? Seems a no brainer to me. Why is it so extraordinary?

Great to see the CFO loading up though. If anyone has their finger on the pulse, it would be him.

NEA Price at posting: 56.0¢ Sentiment: Buy Disclosure: Held
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CFO backing NEA with big cash, page-3

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