This director should be removed immediately. It shows no commitment to the company to sell at lows after being on the receiving end of directors fees from the company (totally much more than the value of shares sold). It is obvious that this is a very bad 'look'. One has to ask whether that bad look is being 'manufactured' either because of a grudge or other reasons.
On another note, this stock is being forced so low I would be expecting a low ball takeover offer in the coming months. Further, the decisions of management about the timing of CRs, quality of output and L1 takeover are making things way too easy for a prospective Chinese buyer. Makes you wonder if we have a principle-agent problem here.
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director dumps 97% of his shares, page-6
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