This is not a football game, we all support people who do their jobs and respect the faith placed in them. I ride other stock up down and sideways due to the simple understanding that I trust the management. Erode that trust and it is very hard to re-establish.
The new options package just released for the senior management is one such side step. Mr Sloane has only been in the job since 22nd Sept 2008 and before the end of the first six month period an option package has been lodged.
Now I agree with the option package. After all it is only for an additional 22 million shares and at the current price is $660,000. Yet why now?? Just before the next quarterly report. Also the options are in two tranches with one coming due for Mr Sloane in April??? With an exercise price of .038??? So in effect i believe that this is a strong indication of the next report being very good and the share price moving much much higher. At least to 4.5c as the exercise price on the options is set at 3.8c.
So why be upset why not trust the management???
Why, because if this is true then the management are trading on critical information and under the ASIC regulations they are now in breach of insider trading. This to me is stupid as the market would have allowed them the options package at any time even after they came out with some good news concerning the companies operations.
Now (if I am right) I don't trust these people at all
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