Ann: New York Battery Plant Strategic Advancements, page-47

Hi Trommel,

You summarise your post in your last paragraph. You said: It's a very positive sign that multiple directors have been buying!

It is fashionable as of late to harp on about director buying as if directors don't make mistakes and as if directors don't lose money on their own stocks.

MarketIndex.com.au says he has bought 1,415,185 shares for $545,278 at an average of 39 cents.

The share price is currently at 28 cents.

This represents a loss of $149,026.20.

What a raging success this director buying has been, and what an inspirational piece of investing that we should all aspire to, right Trommel?

You say It's a very positive sign that multiple directors have been buying! but I say it's a very negative sign that directors have been achieving massive paper losses on their investments and is hardly something to be jumping for joy about.