When I saw Geoffrey kinghorn I was concerned. I don't like seeing 'insiders selling' and I had a long, VERY long thing about it and I finally remembered. He needs cash for something right now! It was always stated that he was going to sell part of his shares, previously through the buyback at 88c but now even better at $1.25
In my opinion this selling of millions of units have given big investors a chance to jump on this bargain and also kept the price artificially low. I am already maxed out and cannot buy more however I would be surprised if there is no spike leading up to the ex date.
At the last agm, a very good question was raised to Greg jones (director) why he would sell out so soon before the buyback intention was initially announced at about 60c per share or whatever it was and he said that one of his business partners was in financial hardship so he needed cash.
Sometimes insiders selling is bad othertimes it allows for buying opportunities.
Just my opinion. Not based on pure facts but reading between the lines.
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