Claims of Insider Trading make me laugh. The term Insider...

Claims of Insider Trading make me laugh. The term Insider Trading is often an easy cop out used as an excuse for lack of knowledge of what is going on.

The latest example is displayed by the idea put forward that volumes had increased in the last two weeks.
Most would have noted volumes increased well before that which has been noted here numerous times.

There was no mention of Insider Trading when the company came to notice as a cheap shell and there was no mention of Insider Trading when the Top Shareholder sold out of over 6m shares.

It has been clear for some time there has been interest in the company because of its tight registry, money in the bank and minimal leakage of funds each quarter. This has been noted many times here as well.

The evidence was the new entrants in the Top 20 over the last few months along with the take up of Michael James 6m holding without any significant drop in share price. Again this has been noted over and over.

Whinge and moan, whinge and moan, rinse and repeat. Some are so busy doing this they can't see what is in front of them. Many can though, and the latest Quarterly gives some insight to why a number of new and returning holders could see value when they bought in.