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1,269 Posts.
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06/02/17
21:01
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Here's an interesting perspective on CM8:
Dom is CEO. He owns heaps of shares. By he keeps buying more:
1 Mar: 40000 shares @25c = $10000
4 Jul: 100000 shares @ 16.5c = $16500
4 Nov 1562500 shares @ 16c = $250,000 (underwriting rights issue)
23 Nov: 100000 shares @9.5c = $9500
16 Dec 58888 shares @ 8.8c = $5182
4 Jan 171293 shares @ 8.8c = $14967
That adds up to $56,000 worth of non-rights issue shares he's bought over 10 months post-Track acquisition using grocery money.
Read into it what you will, but it's better than him dumping shares just before bad news, which some other CEOs like to do!
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