RE: Colonel Drake aka Fortissimo16 Apr 2024 08:47
Fort, there's no equivalence between the 4.5m and director dealings. Totally different subject, particularly when you bear in mind SC wasn't even on the board when the cash went missing - NM was and it was entirely indicative of his style of non-management. Incidentally, when we became aware of the 4.5m I was one of the few people who initially kicked-up a fuss and from time-to-time I still ask why the company hasn't made any further announcements about it.
I take you back to my question; have the directors acted illegally? If you're so worried about it, why not contact the company or our Nomad and ask the question? Are there, when fund raising, certain circumstances that allow directors to buy? Can you get Stock Exchange approval? I don't know the answer, but I do know neither of these two directors would break the rules in such a blatant and public manner.
I share your frustration about the impending fund raise, but take the view they'll announce something when it's necessary.