only fools would sell their shares, page-58

Email I sent to Glyn last night:

"I've just seen the notice that you and the other directors have each sold a significant portion of your shares. I'm a bit perplexed at this given the recent positive announcements and indication that the share price will only continue to climb on the basis of the positive news. So why have you sold so many shares? Are you expecting progress of the company to slow from here?"


His reply received just now:

"Directors of course make their own decisions on if and when stock is sold so I can't speak for other Directors but for mine, I have accumulated a number of shares over the past ten years and have only sold a portion of those that I have been awarded for service over the years leaving my initial allocation and more in tact. It is my intention to continue to grow the business aggressively.
This is always a difficult question to answer but there is no change to what we are doing nor the commitments we continue to make to the company."

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His position seems entirely satisfactory to me.
J