RE: Trevor Brown - Proactive Investors Interview Today16 Aug 2021 14:51
How is this credible? Did other directors know in Jan that he’d decided to leave in the summer? Also there was no need to sell down all his holding as he was leaving that’s a red herring. If he planned to leave in summer was there a date organised had they made enquiries for his replacement as we are are in mid August now. His last sale was 26th July so at what point did he communicate this to anyone in company. It doesn’t stack up any of it. Surely if he had told directors - he says he was persuaded by them to stay when was that? I’d like to see all the communications exchanged on this topic. Surely this is price sensitive information. I don’t think it’s a matter of misunderstanding that’s insulting to all. I think we’ve all understood his actions correctly. On all the Paraytec RNS’s pre selling he makes no comment at all on them as CEO which is usual which is telling then despite it being positive because he knows he’s going to sell. There are ways of doing things, responsibilities to do things correctly and this is not it by a country mile. I do think his actions do need to be looked at by FCA and be approved- let them decide. It’s happened too many times now. He didn’t even open up the placing to current shareholders another kick in the balls too.
IMHO DYOR GLA