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Hi Karyn,
The Director who sold his shares (and does so
regularly) is Mr Clinton Starr. He is a Non-Exec Director who is 'paid' in
shares for his services.
He has to sell his shares to obtain
a salary.
The key Directors (with key holdings and high
percentage as you noted in your previous email) are not
selling.
Cris
----- Original Message -----
Sent: Friday, April 02, 2004 3:02
PM
Subject: [sharechat] RE: MUL
announcements
Hi Chris
I was thinking more about the run up in the stock
price and the large volume
of sales that occurred the week or so before
the "we're going to buy a US
company and list on the NASDAQ" announcement,
during which period one of the
directors made several sales of his
shares.
Nothing like leaking a bit of insider information, get everyone
excited,
push the share price up, sell your shares, make the announcement,
sell more
shares, then can the whole deal a month later, at which point
the share
price is back to normal.
That's what makes me
suspicious. Still, if you know their game, I guess
you can
take advantage of it - just watch for another run up, an
announcement, and
make sure you get in and out
quick.
Karyn
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