PEB - Pacific Edge Ltd

[Cyclical]

Daveo cashing in a small parcel. https://www.nzx.com/announcements/358690

Any chance of a high level rundown? NZX is dead ATM and I can't find anywhere on the PEB website that has these announcements...thanks.

[t.rexjr]

I read it earlier. From memory sold $230k and converted $70k of options. Kept the rest. Something like that anyway...

[Cyclical]

I read it earlier. From memory sold $230k and converted $70k of options. Kept the rest. Something like that anyway...

Thanks. Do you know roughly what that is as a percentage of his total holdings?

[Cyclical]

Thanks. Do you know roughly what that is as a percentage of his total holdings?

Only about 3% of his holding. And I guess why wouldn't you, if it was only worth a fraction of that a handful of weeks back. $200k+ gets a nice set of wheels that says, yep, PEB is a good place to be

[nevchev]

Could we be expecting an announcement? Directors are limited to when they can sell

[baaantom]

Could we be expecting an announcement? Directors are limited to when they can sell

If he sold, anticipating a negative market announcement, that would be the definition of insider trading no?

[Minerbarejet]

We have been expecting announcements of one kind or another since 2013.

[jimdog31]

Only about 3% of his holding. And I guess why wouldn't you, if it was only worth a fraction of that a handful of weeks back. $200k+ gets a nice set of wheels that says, yep, PEB is a good place to be

Yes - but could also indicate a positive announcement coming and tried to keep his nose clean as he really does need a bigger deck.

[tango]

We have been expecting announcements of one kind or another since 2013.

^^^ THIS ^^^

I hope that DD just needs a bit of cash for a spa pool
It always makes me nervous when senior management sell down

[jimdog31]

^^^ THIS ^^^

I hope that DD just needs a bit of cash for a spa pool
It always makes me nervous when senior management sell down

Even worse when they resign AND sell, like PPH