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17-09-2020, 11:46 AM
#18351
Member
Looks like options to purchase at 0.8 expired. Find it interesting that he was okay with purchasing at 0.8.
Originally Posted by nevchev
Dave still selling.Big sales and now director selling down again.Making me uncomfortable
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17-09-2020, 11:57 AM
#18352
Member
Originally Posted by Balance
Read properly before you post.
What am i not seeing?confused by the announcement
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17-09-2020, 12:03 PM
#18353
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17-09-2020, 12:25 PM
#18354
Member
Originally Posted by calledone
Looks like options to purchase at 0.8 expired. Find it interesting that he was okay with purchasing at 0.8.
I think it means the option ceased with no value. ( perhaps it is too expensive for Dave to exercise it). I am not 100% sure. Correct me if I am wrong.
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17-09-2020, 12:30 PM
#18355
Member
Originally Posted by zs_cecil
I think it means the option ceased with no value. ( perhaps it is too expensive for Dave to exercise it). I am not 100% sure. Correct me if I am wrong.
I think if he exercised it, the SP would surely shoot up and maybe it's not time yet lol. I don't know, but I can see it from your angle too.
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17-09-2020, 12:31 PM
#18356
He would be a mug to exercise[pay up] at 80c, vs buying on market at 63 if he wished, hence their expiry
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17-09-2020, 12:33 PM
#18357
Member
Originally Posted by Getty
He would be a mug to exercise[pay up] at 80c, vs buying on market at 63 if he wished, hence their expiry
You hit the point
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17-09-2020, 12:33 PM
#18358
Originally Posted by nevchev
Dave still selling.Big sales and now director selling down again.Making me uncomfortable
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...
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17-09-2020, 12:39 PM
#18359
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.
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17-09-2020, 12:42 PM
#18360
Member
Originally Posted by Minerbarejet
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.
I bet Dave would sell his own shares and buy back the option. This is kind of how he usually played it before.
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