He is a director of a coal to diesel company, what else has he got?
For a start he has a large pay packet!
No one is suggesting he take a margin loan, however if he thought the company was about to sign a gr8 contract, the sp would most probably rise, hence this wouldn't be such a bad idea. As I said, One could assume with his wages he could borrow the money easily from a bank at very low levels of interest, and would easily be able to repay in full 6mths later when sp increases, thats assuming sp does increase and he would certainly be more able to evaluate if this a good chance of occuring?? Just looking at the facts of what happened last time directors sold shares,, the sp tanked big time!!! Personally, I'd much prefer directors (if the could) buying stock at lows than selling them. As always DYOR, cheers
LNC Price at posting:
$2.40 Sentiment: LT Buy Disclosure: Held
