Lets say there is a deal- a very good deal in the pipeline and Mr Molyneux knows it, but certain rules make it hard to buy large amounts, What if Mr Molynuex gets granted his 5,000,000 options and 15,000,000 performance rights subject to him owning more than 5M before the given time frames set out in ;Resolution 1- issue of securities to a related party. Can he now purchase large amounts of shares before the big info comes out without being accused of undesirable trading as he is merely fulfilling his part of the deal?
Could the share price be not encouraged to go up until this resolution has passed so that more shares can be purchased by Mr Molyneux at a better price?
I know they have to act favourably to company (shareholders) and not withhold info but that I am sure can be 'managed' to not break any rules and benefit the big boys,
Just a theory.... and a question
AGY Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
