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11/05/18
21:34
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Originally posted by wallstreet2
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Sorry to correct you , but Mr MO sold 4,790,000 shares during the 2016/17 Financial Year (after the sale he was left with 35 million which as you say he was given those by the company at the SHs expense ??) last financial year when the SP was around .07 cents to .08 cents . You can see that in the last financial year's Annual Report, pages 60 & 96. Also , for a small CAP Company the Annual Report (over 100 pages ) is the most convoluted AR I have ever read ???
Basically he has none of his skin in the game since selling approx 5 million shares , which most likely sold all the shares that he may have ever bought on previous CRs or on market.
From that one can only assume that he is in there for the long haul on bloody top notch wages (as long as it lasts ?).
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Oh -- I should have also added that MO sold shares when he had/was encouraging SH to take up shares at 0.067 cents in early last year's CR. That does not paint a good picture by the MD.
You live & learn !!