Director Buys22 Oct 2022 23:21
The resident day trader has noted concerns about Directors not buying shares in the past year.
I also dabble in Evgen shares and at EVG’s recent investors meeting, it was noted that legal advisors had expressed, under no circumstances while major contract discussions were underway, should Directors buy or award themselves shares, as this would be seen as insider dealing.
I personally take the fact that Tintra have also not traded in shares an indication that they are not doing anything to jeopardise their own position or the reputation of the company, as have made it clear they are very deep in business funding and development, which could be misconstrued as insider dealing if they suddenly bought shares.
The Directors themselves already own significant numbers of shares as long term holders, so are already ideally placed, should the company grow as planned.