Originally posted by unicrumba
Hi Robbo,
Directors buying still a very accurate indicator...not so much when Frank was buying...as I posted some time ago, considering he's on a very nice wage and charges MNS via his consulting firm some crazy yearly fee, I asked holders here before if anyone knows what those fees are for, but no one seems to knowclear.png
But when you have the other 4 Board Members buying on market, and not with pocket change, during the past 12 months:
View attachment 1334797
And then you get someone else putting AU$11 million in the Co and then that same Co is buying a lot more shares on market...you don't do that...you would have been shown something and that something would have a very high probability of going ahead, there is no way you would put in close to AU$13mil otherwise...and there is even a smaller chance of 4 Directors putting in that kind of money via 'on market' buying if they haven't been in some very promising meetings...that just does not happenclear.png these guys love their free shares, so for them buying on market and buying big...something is comng...
Unfortunately we can't predict when the market decides to take a dump, otherwise, I would love to be able to get them now at 0.28cents...news is imminent...I feel it in my bones...are you coming to the meeting?
Hi uni,
Any director who has bought in the last 3+ years has lost money. I know this because MNS is about as low as it has been in the last 36 years and indeed lower.
I understand the concept of director buying being "good".
However, surely you agree that director buying has not been successful investment to date, right?
And surely you agree that putting in $11.1m only to walk straight into a paper loss of nearly $3m isn't really all that great, is it?
And if you do agree with the above, then why do you think following a losing strategy will work better for you?
(20min delay)
