It's imperative to remember that there will be ongoing negotiations with many large international companies for quite some time to come. Some will be currently conducting their own testing on Mix&Go as we speak. Contracts may be agreed to in a very short time frame, however, the director would not be privy to information regarding the stage the courted companies are currently at with their own research and what their views may be.
IMO there is a great deal more to this directors sell down than we could possibly know. The director may well have had to close out a loan by a certain date, we don't know and are only speculating. The director may be relieved, or may well feel sick at selling these shares, we just don't know.
If you are an investor you either believe in this company and hold, or you don't so you sell. As a trader, completely different set of rules apply. Whatever your circumstances, forget about this director selling shares, it is already a done deal.
ADO Price at posting:
3.8¢ Sentiment: LT Buy Disclosure: Held
