That didn't really answer the question, did it? Filing insider trading the same day is quite common in Norway (I don't know if it is mandatory), and the trading happened the day after their PR, so they should not have any insider information.
With SIAF on the other hand we know there has been a lot of insider information which - at least the way I interpret the rules on Merkur (I've linked to the rules several times earlier) - prohibits insiders to trade (the information doesn't have to be good, it also bans buying shares before bad news hit the market). We know that they are restructuring with ECAB, but we know virtually no detail (i.e was the information that came out today the tip of the iceberg, or just noise).
If someone wants to ask why SIAF insiders don't buy, they should at least argue WHY they actually CAN without violating the rules on Merkur (I might very well be mistaken).
A company and fundamentals go through turbulence, but good management make sure they're in the same boat as shareholders
"good management"? How is that relevant to SIAF? Actually, that is one of the reasons why I've sold the additional shares I bought after the Q1-report; Solomon has made sure that he will not suffer from his own mismanagement. He is not in the same boat as we are, and we don't even know whether he cares about destroying shareholder value
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Actually, that is one of the reasons why I've sold the additional shares I bought after the Q1-report; Solomon has made sure that he will not suffer from his own mismanagement. He is not in the same boat as we are, and we don't even know whether he cares about destroying shareholder value
