I disagree - the guy owns about 13m NTL shares, and has done for a very, very long time. If he has half a brain, and I am assured that he does from years of being a vocal shareholder myself, he is taking the opportunity that I have so regularly posted up here over the last few weeks.
Sell NTL at a premium to the rights issue price and accept the rights.
Shareholders with rights can buy at 0.5 cents, and non-shareholder can buy at 0.6 cents. Why you would be buying at 0.6/0.7 is beyond me, why a shareholder wouldn't be selling at 0.6/0.7 when they can buy at 0.5/0.6 is beyond me too.
On this basis, I don't think the normal adage about directors selling applies. You could also ask him yourself in his capacity as a shareholder why he was selling if you are concerned
I disagree - the guy owns about 13m NTL shares, and has done for...
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.272M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29000 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 679620 | 5 |
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| Last trade - 16.12pm 17/05/2024 (20 minute delay) ? |
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