April Fool's day: Directors' buys4 Dec 2021 16:55
Whom do the directors want to make fools of?
PIs or Simon Thompson from Investors Chronicle who ramped this company as much as he could over the summer...)
So, each of 3 directors just bough 100,000 shares each for 35p, investing about £35K each.
These same 3 directors sold in November 2020:
Director A) 2,752,751 shares (including Ordinary Shares arising on exercise of EMI Options as detailed below) to be sold at a price of £0.90 per Ordinary Share (Options: 705,700 options have been exercised at a price of £0.45 per Ordinary Share and 162,187 options have been exercised at a price of £0.41 per Ordinary Share.)
Director B) 1,877,864 shares to be sold to be sold at a price of £0.90 per Ordinary Share (including Ordinary Shares arising on exercise of EMI Options as below) (Options: 705,700 options have been exercised at a price of £0.45 per Ordinary Share and 162,187 options have been exercised at a price of £0.41 per Ordinary Share.)
- Director C) 3,542,729 shares to be sold will be sold at a price of £0.90 per Ordinary Share.
In short 1 year ago each of them sold shares from which received over £2 million (director A), over £1.5 million (director B) and over £3M (director C)
Do they think that reinvesting £35K each of the million+ they made on selling shares last year is going to convince anyone that this company is viable?
ABSOLUTELY NOT.
This company is over in its current form. In my eyes the directors have no credibility left. (It would be interesting to know which is the Chinese company (and who wns it) which was used to ramp up the share price during Covid. The products were sent there, but they have not paid them in full.)
VLG is just another dubious AIM company...
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