Is anyone concerned that Brad Lingo (DLS managing director) recently sold ALL of his shares in his own company. Timing of this was just after the share price peaked and has ever since been on a slide further down.
We were told that he sold shares to meet tax obligations... but why did he sell out completely of all tradable shares? He now remains a holder of only options and performance rights.
Despite what DLS said in the previous quarterly, I very much doubt that he has not heard anything from the company who has now bought 19.9% of DLS.
Anyway, we won't know how this is going to pan out until it pans out, but I am a little sceptical about the timing of BL's sell out.
I continue to hold and hope.
Regards,
Khopchai.
DLS Price at posting:
$1.10 Sentiment: Buy Disclosure: Held
