I think you need to get your facts right.....Corcoran was appointed on the 2 Oct when the sp was 12.88p. The share matching / fat cat fill your boots scheme was announced on the 16 June when the sp was 7.33p. Corcoran still (annoyingly quite legally) manages to bag a million quids worth for a knock down price of 1p per share (when you take into account his 3 free shares for every one he's bought for 3p). You can thank him all you like but he's done bugger all for the benefit of s/holders like me and you - the only person who has benefited is Corcoran himself. I'll be thanking him when he starts to add some long term value to this business by focussing on something else other than lining his own pockets.
This isn't something new. He was signed up to this package ages ago as his salary and since he has taken over the running of the share price it has gone from 4.5p to hovering around 15p. You should be thanking him. It is in his interest to get the share price as high as possible which will also benefit you.
Someone has to email this jokers and ask them how this gentleman bought shares for 3 pence when share price on Tuesday was 14.44 pence? Shares is dropping down rapidly for two reasons. No news for 3 months is something that AIM is not tolerating and next thing is something is going on behind scene which we don't know .That's the reason Corcoran buying shares for fraction of share price. He is going to sell it soon for open market price to make a lot of money.
It's certainly a good thing for Michael Corcoran!! - he's just 'bought' a shed load of shares for 3p each (despite the market price of those shares being 14p+) - and in addition to this he's been given 3 times as many shares for free!! - sounds like a good deal to me....I'm in the wrong job. I doubt if Mr Corcoran is crying into his beer because the sp has dropped off a little bit - he's only been there 5 minutes and is already sitting on an 'incentive' of about a million quid! - nice work if you can get it. Have the NEDs on the Board, Ogston, Schroders & Phoenix lost their minds?? - executive management seem to be taking the mickey - where are the results? - where are the new products? - where are the new BPs?, where is the new business? - where are the future prospects for this company??
CPPGroup Plc logo CPPGroup Plc (LON:CPP) insider Corcoran ,Michael bought 3,245,000 shares of the firm's stock in a transaction dated Tuesday, November 24th. >>>Related articles: http://www.voicechronicle.com/108570-26-insider-buying-cppgroup-plc-insider-corcoran-michael-acquires-3245000-shares-of-stock-cpp/
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