In my opinion these are the death throes of Linc with orchestrated rumours for the last insider buy and sell for a quick buck before the house of cards collapses.
Insider trading was clearly evident here before any news was released so it seems obvious to me what is going on here.
Typical Linc. No substance, just spiverry. Even if it's true it wouldn't save the company, as some have pointed out here.
I can't believe there is anybody in the market willing to buy these shares given the negative equity value on the balance sheet, the ongoing decline in oil and the history and reputation of this company and Pete Bond.
In my opinion only.
LNC Price at posting:
99.5¢ Sentiment: Sell Disclosure: Not Held