PEB - Pacific Edge Ltd

[Balance]

Morning all.
Rookie question, is it common for independent directors to buy shares in a company?
If our new independent director buys shares in PEB would that be perceived as a great outlook for the future or is it normal behaviour, similar to the boards buying behaviour?
Thanks

Depends on how many they buy and at what prices.

There is tokenism and there is real commitment.

I must admit this is one I missed :

https://simplywall.st/stocks/nz/phar...nzsepeb-shares

[LEMON]

https://www.nzx.com/announcements/369177

[calledone]

https://www.nzx.com/announcements/369177

Looks like a welcome token for her. Must be FOC?

[LEMON]

https://www.nzx.com/announcements/369435

[trader_jackson]

is David building another deck?

[calledone]

Maybe his kid going to university overseas. Looks like the sell lot was under one of his family members name.

[850man]

is David building another deck?

Last time David pulled this stunt to "build a deck" the SP dropped 20%

[hei]

Could this have anything to do with the March newsletter and its potential positive or negative effects on the SP??

[Minerbarejet]

Last time David pulled this stunt to "build a deck" the SP dropped 20%

The last time DD "pulled this stunt" if I recall the SP was up in the 120 range and there was a rights issue going on at 40c.
Pretty obvious that DD hadnt expected the market reaction of taking off like a rocket after announcing a few providers signing up , all ably assisted by Balance giving 5.00 as a possible SP and something to look forward to.

I kid you not.

[Balance]

The last time DD "pulled this stunt" if I recall the SP was up in the 120 range and there was a rights issue going on at 40c.
Pretty obvious that DD hadnt expected the market reaction of taking off like a rocket after announcing a few providers signing up , all ably assisted by Balance giving 5.00 as a possible SP and something to look forward to.

I kid you not.

You are wrong of course.

$5.00? That was only the first stop towards $10.00 at least imo at that time.

That is until the failure to clarify & substantiate the 'several tens of thousands of tests' comment by the then Chairman Swann & the selling of shares by DD (twice) & the chairman after the very bullish comments, remember?

And the Huljichs & Masfens took the same opportunity to sell heaps of their shares as well on the back of the spike in the sp following the Chairman's extremely bullish comments?

One of the most disgraceful episodes in NZ's corporate history imo.