Too cheap, page-9

Wadsworth, the directors bought the short fall - at 2.55. We can currently buy on-market at 2.30. I'm not sure I get the reason for your complaint if you can now buy at a 20 cent discount to what the directors paid. They too will be seeing a loss in the value of their holdings and wanting the price to recover above 2.55. Let's hope they work hard to make that happen. Disclosure was made as required. If it had been made earlier, how would that have changed anything? Directors investing can also be seen as a sign of confidence in a company because if they had insider information that the company was in trouble, I can guarantee they would have resigned before buying the shortfall.

I've participated in many CRs, and the fall in share price below the CR price is not unusual. If the company is solid and progressing its business, it usually recovers within 2 months.