...general observation. I've been investing in AIM for years now and have invested in probably a dozen companies or so but have researched many more. Part of that was reading the bb's for those companies. One thing that strikes me is how many companies do badly but that there is ALWAYS a significant number of people on the board who just point-blank refuse to see it. Human pyschology I guess, a lot of people can't face the truth that a situation is as bad as it is. Just think on this then - most companies fail, but most bb's have people who think they will be a success. There's a massive disparity between what "should be" and "what is" with most bb's I find...
BoD plan is probably to sit there doing nothing whilst collecting huge pay cheques for the next few years. No point in buying shares it's not like they're going to be worth much more than current levels is it?
You just answered your own question. Directors being paid for doing nothing :-) so why then buy shares when the company isn't performing :-) it's a no brainer I suppose. That's why they haven't bought any as it keeps falling..
Is this share price ever going to go up.come on directors you have a duty to give share holders value.instead of just getting paid for doing nothing.? Why not invest some of your own money. well our money
It's AIM, people really only invest here because if they are VERY LUCKY then can end up with a multi-bagger and a decent chunk of profit. Max is the wrong sort of company for this sort of investment (no real game changers now just day-to-day business operations) but neither is it big enough or profitable enough to be a 'growth' company (like the FTSE 250 or similar). It's just a little operation chugging along just about paying its way, and this is all it will ever be. It's not an investment opportunity...
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