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We all know Bond likes money so you'd think he'd be hoovering up lots of shares at the current low price, given the expected boom in sales he often implies is imminent, which would logically lead to a rise in the shareprice. By not buying any he's demonstrating a staggering lack of commitment to his own company and is basically saying that there'll be no shareprice enhancing news, anytime soon.
Garonne,
More nonsense from you. Adam Bond holds c2 Million share options in AFC. That’s almost 2% ownership. That’s quite some exposure for 1 individual.
If he had more, you’d probably come up with different nonsense.
Any shares Bond owns have been gifted to him. Show me where he bought a single one on the open market, joaung.
You starting to panic Garonne, you'll panic alot more before year end when the share price will be even further up.
Exactly, if Bond knows all the information about AFC so if I was Bond and I knew this was going to rocket in 12-24 months I would piling my own money into this any would. So it's highly telling, the fact that Bond at this price is not hoovering them up.
So why isn't Bond buying then Construct? (haggis)
Any other company where a SP rise is expected or even hoped for, BOD members buy. (ITM) The fact they're not buying here PROVES that the SP is not destined to rise anytime soon. (if ever!)
Garonne/Ade - sorry, am struggling with your logic, here. As joaung points out, he has a not inconsiderable number of options. As you (correctly) pointed out, Garonne, he got these for "free" - why on earth would you pay out your own cash, when you get more than enough for nothing?
If (and it is still a big if), all goes well, as (hopefully?) we all hope it will and this becomes a billion sterling company, Bond will be a v wealthy boy. He has absolutely no need to buy further shares and, indeed, it would be very foolish of him to do so - if it does go ti ts up, he will lose twice, not a great place to be.
I think your insistence that he buys now is to merely to get the share price higher. Nothing wrong with that per se, but I suspect a much greater force to that end will be a statement confirming significant sales. The share price is only really an issue if a new funding round is due - then, I agree, it is imperative to get the price up to avoid ruinous shareholder destruction in the form of dilution.
TheT, I sort of understand you're thinking when you are talking about companies that slightly undervalued etc but this is at 20p if Bond thought this was going to even reach £1 within the next 3 years its a no brainer, who docent want more money? times initial investment by 5 and that's just at £1 so if Bond is not willing to buy at these prices, it simply tells me that he does not believe or its going to be many years if ever, before this gets anywhere.
If AFC were on the cusp of anything meaningful they would all be pilling in.
I think they all know that share Dilution is the next likely event so are not pilling in because they see this being around 10p soon.
And that's also the reason that the short is not being reduced.
Good post TheT but for me it's about him showing solidarity with shareholders and by doing so increasing market confidence in the company's future. Surely that would be a good thing for him to do on top of making himself even more money. (assuming a successful outcome to proceedings)
Also, TheT, one of the possible reasons you point out for Bond not buying is the risk of him losing out twice if the company implodes. If this is the case, it implies that his confidence of the eventual success of AFC is at best uncertain.
Garonne,
At what point does what you suggest that he buys millions of shares become insider trading.
I think you're trying to look for some justification why Bond hasn't bought, joaung. Other CEOs manage to buy shares in their companies outside of closed periods. Bond simply doesn't wish to buy any. Simple!
You are indeed simple Garonne. Only accurate thing you have said in ages as you are normally as accurate as Ade's spelling and grammar.
Garonne, 400,000 share options which equates to 1.8% ownership of the company- that’s plenty.
The simple fact is joaung, Bond does not wish to risk his own money by actually buying AFC shares. His behaviour beggars belief but one can see why as the SP heads back to the teens. He no doubt knows there's precious little upside coming here anytime soon.
Joaung
Are you for real? The bloke has made no monetary commitment whatsoever to the company he's heading up, and precisely at the point that it look like the CSF's that trigger the 2017 share award weren't going to be met, had the audacity to extend the terms....that shows real loyalty and commitment to the company, does it not?