So, you really think the issue here is the margin lending of the...

So, you really think the issue here is the margin lending of the directors? and has nothing to do with:

* Negative operating cash flow;
* Interest cover of less than 2.5 (1.5 according to aspecthuntley);
* Huge debt level, which the financials create doubt as to how easily it can be serviced;

In essence, and overstretched company.

If you honestly think the issue is margin lending I suggest you don't invest. Maybe margin sales can enhance the fall of a shareprice, but remember that the poorly performing business made other people WANT to sell. The directors were just forced to.

MJS