GC, He has not been a net buyer. Sells pretty much to convert but let the 7,000,000 35c'ers expire. I have no issue with letting the 35c ones expire although some converted may have been sensible.
However converting options that still have 1 year to run is weird... 1) MD is more interested in trading shares -- Dont think so... 2) MD knows where the company is going and is exercising options with long term vision (i.e. cap tax savings) -- Does not make sense to exercise options with 1 year to go... stock already held could be sold and create probably less stress 3) Company needs cash and he is making it happen. Selling shares generates a tax liability and can then require more to be sold etc.. -- You better hope $100k is not that important...
Anyway, it is more important than checking how many shares another punter buys..
AAM Price at posting:
36.0¢ Sentiment: None Disclosure: Not Held
