These guys got a grilling at the AGM over the director's options so I doubt they'd want to create any more stir by obtaining more shares at a substantially discounted price to most of their shareholders and further diluting the shares on issue. Besides directors taking up more shares doesn't necessarily guarantee future success - look at ABC learning as an example!
As a shareholder, I'd like to see the directors working towards successful outcomes for their many projects returning value to the MC, putting cash in the bank, and in turn giving the themselves a real incentive by placing their recently issued 66m options in the money at 1c+. Handing over more shares at 0.1/0.2c is simply undeserved at this crucial stage of their business and only provides for short term gains IMHO.
Yep....they need to wait like the rest of us.
JMHO and DYOR...
MCL Price at posting:
0.2¢ Sentiment: None Disclosure: Held
