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Nobby31, your post is an excellent one re JW and AR share purchases.
Personally I don't normally invest too much in AIM companies unless i see that the BoD have a reasonable stake in the company themselves. Infa is my exception so far. The BoD don't have the level of 'skin in the game' that I'd like to see, and I'm getting increasingly uncomfortable with this too.
Recently when JW and AR's £1million+ incomes were disclosed (as well as JW's few hundred grand for hiring us his boat), I put on here a fairly lengthy post that i supported this, and the reasons that i did. Do i still stand by that supportive post of what they received ? YES ! ! I very firmly do ! Infa were a one trick boom or bust pony with IM when they came to the company. They've transformed it now to one where the potential is scarily massive in my eyes.
Will i continue to stay invested here if i don't see some director share purchases ? Yes is the answer to that as i'm not going to miss out if/when this takes off. The 'however' though is that i will be substantially decreasing my holding if i don't. The percentage i decrease by, and my timescale to do this (if necessary) are figures I've already decided, and I will stick to.
On Infa Nobby, you have a lot more knowledge than the average Joe Public, and with your TR1 status, you obviously have direct contact with JW, AR and the board. I'm therefore taking it as fact when you say the BoD read these pages.
With that in mind, this message is to you JW, Arun and board ! !
Well done to where you have brought Infa to, but show us some confidence in this position yourselves please. With the holdings you have, It also in my eyes leaves you wide open to the doubters speculation that you are simply ‘strippers’, stripping out the income and bonuses here while you can, before moving on. A few more quid thrown in by yourselves would give some confidence going forward.
You say to Nobby about being in an ongoing ‘closed period’. I hope this has been the case to explain it, but is it the case ?
Finally guys. Will you buy shares based on what I post here ? Of course you won’t, I’m just a minnow with a few hundred thousand shares. Please do listen to your TR1 friend though, and a few other significant holders (who post here too). I speak with some of these other holders fairly regularly (as you do too), and there is strong discontent that your wallets have been closed for 12 months.
Could this concern or discontent spread to II’s, lending organisations, potential new customers, government decision makers, etc ?
I sometimes wonder if it is a good thing letting private investors buy into AIM type shares....simply because ....many,many private investors..especially newbies of course have very, very little understanding about the way a company is financed.....the horror stories of people losing big money because they didn't understand Converted Loan Notes or what a placing was...or what might be required......FASTJET going from 4200p with few shares down to an eventual 0.02p with billions of them a prime example
The FCA are looking into people having to take a test before a broker will give them access to certain markets and products....AIM being one so I heard
Razor, I think you are wrong on this- it is a very fair point that the Directors have chosen to be paid in salary (both around £1m) rather than shares. This is a great growth story that is being ruined for ordinary investors by governance issues like remuneration and the cycle of dilutive placings
I think it may well be a case of Directors having inside information..that prevents them buying shares ...whether they wanted to or not..
The fact that they haven't means ..more often than not...they have market sensitive information....and given the constant goings on in different projects, financials etc....that doesn't seem an unreasonable likelihood ...
You can think that if you want, I very much doubt the BOD read this board.
But if i was BOD for this company, LSE would be the very last place I would look to get in contact with the shareholders, seeing as today is a clear demonstration it's nothing but negative drivel, or short-termism, and insults from the people here. I can't think of a bigger waste of time.
No but if I was I'd be busy running the company instead of buying shares simply to appease impatient shareholders. I note you did not deny my last point, so I take it you've accepted that you've guaranteed your own disappointment in the event of *any* director purchase, by asking for it.
When Mr Wood and Mr Raman purchase some shares, which I have asked them to do on several occasions since the last time one of them made a purchase at least a year ago and in an insignificant amount; then I will renew my confidence. I do not buy into their claim that they seem to be permanently immersed in a closed period that prevents share purchases. This is definitely something that between the CEO, CFO and Nomad that needs to be addressed with urgency. There is no better test and evidence of their commitment to the company and it is top of my list for them to address. I am not interested in hearing about the numerous contract negotiations they are involved in and on the cusp of delivering until I see them investing my money (and yours) into Infrastrata plc shares.