RE: DIRECTORS NO FAITH IN THEMSELVES ?22 Jan 2017 17:25
Total 115 mill shares in issue.
Director holdings as follows:
Al Sisto. Holding 6.2 million
Angus Forrest 6.3 million
Bruce Leith 6 million
Ex director Michael Clark 7.1 million
On top of the above, they have CLN's outstanding at a fraction of the current price and each have 500k options to convert at 9p.
Considering the above, there is little point buying any off-market when they already hold such big chunks.
Directors have enough shares between them and so there should be no concerns as to the lack of confidence you portray.
Having closely been following the progress of Device Authority and knowing there is a shed load of news that is yet to be officially released to the market and the fact result RNS is due, directors may not be able to buy off-market owing to a closed period.