The Company was notified yesterday that on 18th March 2014, Nicholas Scallan, Chief Executive Officer Designate, sold 96,009 ordinary shares of £0.01 each ("Ordinary Shares") in the Company at 12 pence per share and subsequently bought back 95,169 ordinary shares for the benefit of his ISA account at 12.031 pence per share.
Following this transaction, Nicholas Scallan's total interest in the issued share capital of the Company is now 101,725 Ordinary Shares representing 0.27% of the issued share capital of the Company
good question and a comparatively large buy on tuesday - causing the price to jump..... As far as I can see - pinn han't made a profit over the last 5 years.... 2m loss last year and managed a placing at he start of this year which generated .5m.... hmmmm... The first thing that the new CEO did was to sell shares @ 12p.... If the board thought that coms undervalued the company around the 21p mark - I wonder what they think of the value now.... the bare minimum of newsflow which is going to be a great help with the shareprice dipping.... no wonder there isn't a lot of confidence in the management if it's costing money to win business after all this time.... However - the situation would look a lot brighter if they could strip out some of the overheads and 10m t/o represents a useful userbase to convert.... My main negative is that they aren't telling us what they propose to do to make a profit - the new CEO must surely have some ideas to put forward by now - maybe working for COMS is one of them.... I can't see that being the case though but...... and still no news from coms
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