Takeover Time?, page-14

“Three directors buying shares suggests they have confidence in the company“

Stop spreading misinformation. Tony was the only director buying on-market. The other 3Ys were 29c option entitlements awarded to directors at the AGM. Do you remember voting for that?

With respect to the Drake sale, the cause for concern (for Azure shareholders), is not so much that a cornerstone investor decided to jump ship, but rather the 11.5c price at which they agreed to sell.