I would say exactly the same thing Director dealings could always be looked at in a scrupulous manner if actioned close to news, good or bad. It matters not what the share price is
RE: In between the lines
Nope. These are share options (due to expire) and has every right to exercise them as he sees fit regardless. What would you be saying if the share price was £1 and he bought his options for penny's?
In between the lines
Couldn't it be deciphered as - No news in near term as Jason's trades could be seen as insider trading if news was to drop say in next month or so?
Brian That assumes he is not planing to sell the 750000 shares as soon as they have been admitted to trading. LOL
Re: Worst possible ..
Certainly anyone invested in oil related companies are being affected by the current price but surely it makes even more sense to use QFI technology to improve their margins ie Maersk for instance .I also look at today's RNS as a positive so let's hang on in there and hope there are no more slippages !
The options exercised have an expiry date of 26th March 2015 - that's eight weeks time. Jason has to pay his tax liability by 31st Jan just like the rest of us. Now he could have sold some of his existing shares to raise funds for paying tax, but that would have unnerved private investors. So, as he has confidence in the company and its product, he has exercised the options which he was going to do by 26th March anyway. That makes him a net buyer of shares (by 650k) but he has had to pay-up nearly £107k two months early. I'm not sure if that means anything, but I'm inclined to think that he wanted to demonstrate his faith in QFI. Just a hunch, but I would expect commercial news in the next couple of weeks.
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