RE: SO WHAT DO YOU DO ?4 May 2016 09:13
Hi yoshie, I believe NWOG action group are allowed to buy and sell but simply have to ask for permission. The reason being is the group need to make sure they don't go over the 30% shareholding mark when purchasing shares otherwise they would have to make a formal offer for the company. However, a reason they can not sell is if the group are holding any insider information which is just as likely. So could be a sign of news soon if shareholdings have not moved up or down.