Either Xpd are extremely disorganised or are extremely deceitful. Time will tell. Our hands as shareholders are tied anyway. No point wasting energy on speculation, revenge lawsuits or worry. We should be grateful to mejeority for taking action. Their lawsuit will test and is more likely reveal more information than the ASX action IMHO.
It is most unusual for insiders to sell at such low P/E ratios and attempt to evade disclosure rules. It bodes ill.
Either way, the chairman left and there are reasons which are not revealed. This information would be illuminating given the sudden nature of his departure.
There are two glimmers of hope. One is that we have a good idea of how many shares they still hold. Two being that Chinese anti corruption is... draconian.
XPD Price at posting:
3.3¢ Sentiment: None Disclosure: Held