The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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This didn't make me suspicious. Not at all. They Samsung debacle made me suspicious.... and my suspicions were later confirmed at great expense.
Oh... is that what they said... they are very creative.
Nanogeddon, it will be in the terms of the bonus and option agreements that the directors sell as many shares are necessary for the company to fulfil its PAYE and NICs obligations. Otherwise the company would be on the hook for those amounts.
As far as I'm aware this is 100% standard and nothing to be suspicious of.
Do be warned...
When a company has profits or or the market believes in potential profits, a buy back can increase the share price as potential profits can be distributed among fewer share holders.
The share price will not rise in this case because the market doesn't believe there will be any profits... and neither do the board, for that matter.
Sorry.
So the directors are selling their shares again with the money from the disastrous settlement :D
For tax reasons...
They are so full of shiiit!
Well he did say that he wasn't going to get bullied again !
Brian would better off doing investor presentations wearing a stocking over his head and holding a sawn off shot gun in one hand..At the end of the day for retail investors it all amounts to the same thing!
Maybe by inflection point Brian was referring to his net worth?
They will be sipping their g&it's on some gin palace in the med laughing how they fool all the retail investors mugged off over last few years with LOAM and RG!...the pleasure boat is probably provided as a freebie to them from Samsung saving them a bob or two in legal fees and saving their skins!
They'll all be able to provide enough wind for their sails.
People used to criticize Michael Edelman for his share option sales, but it seems they're all at it.
They don't care about the share price, just get the cash for their Yachts.
16-17p coming
Tenners a genius! We're lucky to have him. Worth every penny WE are paying him. His track record is without equal.
Having helped his mates he's now helping himself.
He should be rewarded on his performance of driving the share price forward. If only!!!!!!!!!!!!
@Morbox
I hadn't realised he was an environmental and animal rights activist and a Buddhist to boot.
He seems to have been involved in a whole load of other 'activities' too !
I suggested a return to mid to high teens and closer to cash cost £23m 12p 185m once the dust has settled on the share buyback...it seems that the share price is reverting faster than expected.
It seems I got that prediction correct as well!
Yep I've already got Steven Seagal Mrs on her nest on the house a few doors down (ffs).
@404X
Lol - They should all have their chestnuts roasted !
Yes odd they are selling in the market to cover tax expenses and costs at the same time as the company are being the primary buyer in the market..not sure why they are doing this now when there is little real rice discovery post the distribution..i can guess though.
@Morbox
So glad to hear someone appreciate it although needs a coupkle more weeks of sunshine from what I've seen.
The lambs are a joy and I'm woken every morning by the Dawn Chorus - some female blackbirds already gathering nesting material.
Better than the ding dong that been going on here by the looks of it!
TS, at least the spring is here, the Bluebell carpet in the woods this morning is something that puts a smile on your face.
@charty
Surprised you're capable of that sweety !
What's the bonus for SP depletion but certainly transformative!
@Morbox
A lot of volatility !
These are coming thick and fast, following Lombard's immaculately timed exit now it's directors turn, albeit not selling everything but certainly selling consistently. They've even wheeled old that old chestnut of 'selling for tax purposes'. You have to laugh really.