Ann: New York Battery Plant Strategic Advancements, page-46

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Trommel

1,842 Posts.

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17/10/18

08:15

Post #: 36149757
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Originally posted by robbo24 ↑

Originally posted by Trommel
"After all ... their largely using the money they got payed over the years from shareholders to buy the shares ..... clear.png"

I've noticed this comment used regularly over the years by those looking to downplay directors investing in the company with their own money.

The funds could come from many places such as their partner, Superfund, Loans, Mortgage on the house, other investments the list goes on.

A good example of this is Marc Vogts buying roughly $515K worth of MNS over the past 12 months. His salary from MNS since becoming a non-executive director is only $110K over the two year period. A substantial amount of money has come from elsewhere to purchase his $515K of MNS.

It's a very positive sign that multiple directors have been buying!
Hi Trommel,

It's curious that you're holding up his investment in MNS as a success given the rather large loss it has netted him thus far on paper.

I always thought averaging down was a bit of a rookie mistake too, especially when a stock is so heavily in a downtrend.

The director buying appears to have been the only reason the stock didn't fall even further than it already has. Perhaps this was part of the strategy but it clearly has not worked!

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You've misunderstood the post big time haha

MNS Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

1 Great analysis

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Ann: New York Battery Plant Strategic Advancements, page-46

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