SeaDragon

[Balance]

https://www.nzx.com/companies/SEA/announcements/276734

Director continuing to sell.

10.4m shares on the offer side at 1.5c to sell,

97k shares on the bid side at 1.4c to buy,

3 big sellers lining up one after the other to feed any buyer at 1.5c.

Interesting.

[ari]

ENERAL: SEA: Directors sell shares on undertakings to Takeovers Panel 01:26p.m.
SEA
26/01/2016 13:26
GENERAL
NOT PRICE SENSITIVE
REL: 1326 HRS SeaDragon Limited

GENERAL: SEA: Directors sell shares on undertakings to Takeovers Panel

NZX / MEDIA RELEASE 26
January 2016

Directors sell shares on undertakings to Takeovers Panel

SeaDragon Limited (NZX:SEA) has received a number of enquiries from
shareholders regarding the sale of relatively small parcels of shares by
entities associated with Ross Keeley (former CEO and former director) and
Stuart Macintosh (current director). SeaDragon is not involved in those
transactions. Mr Keeley and Mr Macintosh have advised the company that the
Takeovers Panel has required the sale of approximately 7.8 million shares
that were acquired in the rights offer process completed late last year, due
to an inadvertent breach of the Takeovers Code. Mr Keeley has also advised
the company that he has sold a small number of SeaDragon shares to realise
cash to invest in his other business interests.

Both Mr Keeley and Mr Macintosh have confirmed their on-going commitment to
SeaDragon and they have advised that they will both retain ownership
interests in SeaDragon following these share sales. Any further enquiries
regarding these transactions should be directed to either Mr Keeley or Mr
Macintosh rather than to SeaDragon.

[Apathy]

ENERAL: SEA: Directors sell shares on undertakings to Takeovers Panel 01:26p.m.
SEA
26/01/2016 13:26
GENERAL
NOT PRICE SENSITIVE
REL: 1326 HRS SeaDragon Limited

GENERAL: SEA: Directors sell shares on undertakings to Takeovers Panel

NZX / MEDIA RELEASE 26
January 2016

Directors sell shares on undertakings to Takeovers Panel

Always find it interesting what is and isn't considered price sensitive - surely the requirement to dump 7.8m shares might have a price impact???

[Balance]

Always find it interesting what is and isn't considered price sensitive - surely the requirement to dump 7.8m shares might have a price impact???

Stranger still why the number of shares required to be sold are not individually stated for each director?

Mr Keeley states he sold a small number of shares to raise funds for his other investments - how many shares are small? $100,000 shares here = 7m shares!

[Dentie]

Stranger still why the number of shares required to be sold are not individually stated for each director?

Mr Keeley states he sold a small number of shares to raise funds for his other investments - how many shares are small? $100,000 shares here = 7m shares!

Your comments are typically mischievous Balance.......... https://www.nzx.com/companies/SEA/announcements/273993

Stuart and Ross both made their continuing support for SeaDragon very clear publicly back in November - well, it appears to me that they did.

I'm sure Ross was referring to the number of shares he still holds when he mentioned about selling 7m. And he's right - it was a small number.

Now that's all been cleared up - I suppose you'll now be clamouring to buy back in?

[Balance]

Thankfully, SNK are now recovering - let's hope SEA don't have to go through what SNK went through!!

The answer to your question me ole Dentie is the same as to the above - is SNK really recovering? Trading at an old time weekly low of 86c vs its high point of $4.00 and the $2.40 of volume exit by its promoters?

[Baa_Baa]

http://www.nbr.co.nz/article/seadrag...0Last%2520Call

With the 11m+ overhang Ask at $.015 it's hard to see this going anywhere +ve anytime soon. You'd think the Directors would have a more efficient method to exit their shares without hobbling the ordinary shareholder? Surely this will go lower and pull down the Asks if they want out so badly.

[Apathy]

. You'd think the Directors would have a more efficient method to exit their shares without hobbling the ordinary shareholder? Surely this will go lower and pull down the Asks if they want out so badly.

agree - off market transfer to other enthusiastic directors.

[Apathy]

Stuart and Ross both made their continuing support for SeaDragon very clear publicly back in November - well, it appears to me that they did.

That is irrelevant PR jibberish - what else would you expect them to say.... apart from... "...can the last one out remember to turn the lights off...."

[Dentie]

The answer to your question me ole Dentie is the same as to the above - is SNK really recovering? Trading at an old time weekly low of 86c vs its high point of $4.00 and the $2.40 of volume exit by its promoters?

Those two things at the end of my sentence are exclamation marks me ole Balance ...NOT question marks.