Looks like options to purchase at 0.8 expired. Find it interesting that he was okay with purchasing at 0.8.
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I read this article yesterday. In the article, Dave said the company started to see cash coming in from CMS in Auguest and expected it to continue to grow. Perhaps, we would at least see a small scale of cashflow improvement in the FY21 HY result. Dave must have seen the potential :cool:
https://businessdesk.co.nz/article/l...-over-or-is-it
He would be a mug to exercise[pay up] at 80c, vs buying on market at 63 if he wished, hence their expiry
He received options to buy shares at 80c as part of his remuneration, probably a bonus. Those options have hit their expiration date. The current price of the shares is below 80c.
The options are therefore out of the money and are as such worthless, hence he let them expire. No mystery, no conspiracy, no insider selling - just a lapse of options...
Next option expiring November might be a different story.
September 2020 September 2016 0.80 750,000 750,000
November 2020 November 2016 0.54 200,000 200,000
Whoever it is owns them may be contributing something to the 2nd half revenue.