ESN 0.00% 1.6¢ entellect limited

change of director's interest notice, page-7

  1. 959 Posts.
    MeToo,

    - The Director has put in his own $124k to buy shares in the company that is at the spec end of town;

    - At the time of purchase of the shares in the company the purchase amount was worth 4% of the company's fully diluted value ($124k of ~$3.1M fully diluted company value);

    - The Director has increased his holding in the company by 5 fold.


    I say that this is rare because it is rare.

    How many other Directors in other companies do you know of that have done one of the above three things, let alone all three???

    Not many? If any?

    What's that old saying?

    "Directors sell for a lot of reasons, but they only buy for one"?
 
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