director excercises all expiring options

Positve signs!

The options he excercised expire on Sunday 11 Feb, so he had to excercise them or lose them.

A wise move you might say....because

1. If he hadn't, he would have lost 100% of their value.
2. If he hadn't, I would be selling, because we had an idiiot running this company.
3. The Company get the excercise money.
4. Not everyone (including directors) may have a lazy 200k sitting around.
5. If he needed to sell more, he easily could have, depth and new buyers would have easily soaked up another 2 million cheaper.- No more selling in my view from him.
6. Very quick announcement of the selling (finished selling today, and announced today) - good sign.
7. Traders want in so will use this - don't be fooled.
8. He sold nowhere near recent highs - thus protecting holders from the implications of director selling knee-jerk reactions.
9. Seen it before, director sells, lots of hoop-ra from traders on how bad it is, then 1-2 days later, the share is back as the best thing since sliced bread and the traders are ramping it.
10. WAS is in my view another share which does not need ramping. Let it run it's course. It will happen in good time.

This directors ethics has just made major advances in my book.

WELL DONE