RE: Large CEO and CFO buys14 May 2024 14:04
Never seen this kind of thing with a company before, even amongst the wild west mining shares of AIM !
Yes BlueDefender as you say, they've loaned the money to their top directors to buy shares, putting up their own shares as security and the company taking the dividend as interest, which I estimate could equate to over 15% on the loaned part. How will this go down at the AGM ? What's to stop them doing this all the time with other directors.
Not sure about this as I much rather see them borrow the money from a bank on their earnings, but nevertheless it is a confident move on the prospective SP value for 2025 to 2026.