director buying, page-5

Hi Fastbuck. Just to inform you that NO director or employee involved in critical negotiations and knowing information of such a sensitive nature is allowed to trade, and you are correct that many do trade - it shows the slackness of the relevant authorities. But i resent this guy so much for the loss of shareholder value that he has caused, that I won't be happy until he is forced to step down, and short of trying to get shareholders to agree to voting him off the board (very difficult since his mates have significant shares and no one likes a revolt against a board as it unsettles the share price, and he is not up for rotation since he is a MD in a company where the rules state an MD doesn't need to be up for re-election) it would be preferable to have him up on an insider trading charge since he clearly is breaching the rules with his latest acquisition!!!
But anyway, RED share price will go up despite the MD's lack of competency, lack of responsibility and accountability, general ignorance and sheer arrogance!