Its an interesting one, he's a tech entrepreneur / angel investor who used to work for Austco / Azure in the early 90s, left to start a highly successful company which he sold to Amcom in 2010, took a big chunk of the placement of AZV's rights issue shortfall in early 2012 and took a consultant role at the company which looks like it may have now changed to a marketing manager role. An insider selling is never great but I reckon there's a decent chance he's just bored / found another opportunity rather than necessarily reflecting a negative outlook for the company. Also I cant find the rights issue price but my guess is it was ~3c so maybe he's just happy to take his 50+% in one year. Either way hopefully he can ditch the rest of his shares and clear the road for the rest of us.
AZV Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
