Buying your own stock on market and lending cash might be what you do if you're trying to convince others that you're not polishing a turd. But to do it over and over again is certainly odd. Or perhaps it's what you have to do when there are no more stock brokers who are interested in giving you money? A sign of desperation?
The last time I watched a director continually buy his own stock was Cudeco. If you're not familiar with it check it out ASX:CDU. Many people bought the MD's bullshit. I'm not saying this is going on here but there are certainly shades of it. If you don't look up CDU I'll help you out...The MD was buying at $5 and it's now 20c so in the end it means nothing.
RWD Price at posting:
19.5¢ Sentiment: Sell Disclosure: Not Held
