When Evan Cranston resigned as an executive director his Appendix 3Z listed that he had 4,000,000 Unlisted Options exercisable at $0.40 on or before 30 June 2012.
In today's Heard on the Terrace in the West Australian it was reported that Evan Cranston exercised his 4 million unlisted options exercisable at 40 cents and the Company lodged its Appendix 3B for the issue of the shares on the exercise of the options.
Judging on the volume traded today 5.2 million shares, which far exceeds the volume traded over the last 5 days (e.g. it is 5 million shares greater than yesterday's volume of 191,047) one would assume that Evan Cranston flicked on these shares today looks like he made a $640,000 profit ($0.14 per share x 4 million) not bad at all for holding the shares for a few days. No other shareholder over the last 6 months has made such a profit!!
Does not look like he shares your views for the Company's growth prospects.
AMX Price at posting:
56.0¢ Sentiment: Sell Disclosure: Not Held
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