Will be a good time for an investor, get you money out of the Chinese stock exchange quick smart.
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If I have read it right Mathew Hill has just exercised 1.5 million options at 1.1 cents (announcement Friday). Exercising options at a substantial premium to market by the Executive Director:t_up::t_up::t_up:
Reading it further, it is clear he purchased some shares on market in 3 distinct purchases. Not so clear is whether he exercised the options or is only a holder of them???
He has 1.5 million in options which can be exercised at 1.1 cents but he has not yet exercised them. Its just declaring he has them, he did not exercise his options, please read more clearly. All he did was buy some on the market 3 times.
No worries. Just remember next time that in the disclosure statement he has a duty to declare everything. The part you read was in the summary and it was regarding to detail of derivatives e.g options held and it was more just to clarify his position of everything he held related to NTL. The part you want to look at what hes done is normally in the transaction requiring disclosure part. =)
News on the chinese investor should be out anytime right? The 45 days extension was over last week...