Are there some sort of ASX rules that would have forced him to exercise now? Such as not being able to exercise options within a certain period of a sensitive announcement?
Does say to me .. short term bad ... long term good. But then wouldn't that be insider trading? If he knew there was a delay or a disappointment would he be allowed to do this?
Was most of the sale in cross trades? Maybe the share price pullback caught him by surprise and the deal was at a certain price based on the market price at that date? And a big cross spooked the market more?
Surely he would wait for the announcement or at least a higher price in anticipation of it.
director sells shares to purchase options., page-22
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Last
$2.84 |
Change
0.100(3.65%) |
Mkt cap ! $504.4M | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.89 | $2.78 | $1.724M | 605.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3500 | $2.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.84 | 646 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| BMN (ASX) Chart |