Promnitz’s sold $2.3 million worth of shares in a closed period, when management are prohibited from trading without written permission from the Board as required by the company trading policy.
He sold shares at a near all time high of $2.20 on April 20, 21 and 22 and the company published its Quarterly Report on April 21.
Trading is prohibited 3 days before and three days after the Quarterly Report is published unless prior written permission has been given for “severe financial difficulty or there are other exceptional circumstances” and the restricted person is not in possession of inside information.
The trading policy had only been updated in October 2022.
No explanationwas provided to the market in accordance with the ASX Guideline 10.5.
Promnitz sold shares while the price was at near all-time highs.
The current share price is now around 80% lower than it was at that time of his sale.
.
IMO DYOR
No Production Until 2027...... If Ever, page-750
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Last
4.0¢ |
Change
0.001(2.56%) |
Mkt cap ! $66.74M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.3¢ | 4.0¢ | $430.7K | 10.53M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1033639 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 60654 | 3 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LKE (ASX) Chart |