Yep, No doubt hes planning to sell. But this close to an announcement I reckon he expects there will likely be some demand. As currently the buy side depth is isnt sufficient.
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Sp at 19c means he has 90% to play with - plenty of downside yet, especially with the other backdoor boys waiting to join in the selling - their options are also at 10c.
The day these backdoor boys buy any of the backdoor companies' shares on market, you mortgage your house and follow them.
Until then, you are placing your 'financials' at risk with a backdoor entry!
There is not enough volume to say people in the know are able to exit. If that was so they would have got out when the SP was a lot higher than it is now. This has got legs IMHO, it is disruptive tech which has huge potential to replace the present Pap test as a simpler testing method with instant results as opposed to an uncomfortable smear which you have to wait for a period to get your result. We await the results of the portential sales in China etc.
Cheers
https://www.nzx.com/announcements/312190
Backdoor boy resigning as director. Similar to Tim Preston.
Easier to exercise the 1.25m options at 10c and unleash on the market, see?
No disclosures required once exercised.
On the volumes being traded it is a very disingenuous statement. Now CFDA is through lets see if we can generate some sales. You would have to say the generation 2 is showing great results in sensitivity, if the improvement continues we will be a far better option than pap smears in the 1st world, this is no small feat. We have a few horses, lets see if anything becomes of India.
Fingers crossed for the next year
Regards
DB