RE: GST -- A true investment24 Mar 2021 21:07
The following is all I could find after a quick search, as I was also interested in when they could buy shares......
"Directors and other PDMRs must not deal in shares during a ‘close period’, that is the period of 60 days before the announcement of annual results or the publication of the annual report (or, if shorter, the period from the end of the financial year to the announcement or publication). In the case of half-year results, it is the time between the end of the half year and the date of publication. If a company reports quarterly, the close period is 30 days before each announcement or, if shorter, the period between the end of the quarter and publication. (The same restriction does not apply to the company’s interim management statement, though a cautious approach would impose a similar 30-day ban on dealing.)
This is a simple prohibition: it is taken as read that, during those periods when financial results are being prepared, senior personnel are likely to have price-sensitive information.
Outside those periods, directors and other PDMRs are still prohibited from dealing if there is undisclosed inside information. (See: Disclosure of price-sensitive information, an OUT-LAW guide.) This might be news of a possible takeover, a significant share issue or a big contract win or loss"
I think their purchase is based on how confident they are on the API being approved, and then building their business...they know once this kicks off they won't get a better price than this... and they're confident this will happen soon
Just my opinion of course :-)
Genuinely excited by this company