Director's buying something to consider

Over past few days there is some discussion and question why Director's are not buying to support the price, if confident in guidance they would make a killing.

A few weeks back I speculated that perhaps they cannot. We have to understand that insider trading laws are very strict with criminal proceedings if found guilty.

I posted an extract from the trading policy that notes when a trading window is open - it is now for one month after AGM. However, the board may for any reason override and not permit trading or restrict trading.

I say this because if a Director suddenly invested $1m in stock at $1 it would undoubtedly raise interest among the authorities that they may be trading with information not already public. Whereas $30k is so immaterial as to not to cause a concern.

I don't think it as easy as Director's just buy as much as they wish. Even more so with the current spotlight on the company, it would undoubtedly send a signal and imply they know something more than what has been released to market.

I am guessing that SGH board has limited the quantity of buying that can occur in this window to protect from an accusation if insider trading.