Been buying all week, great news. 15% position now ahhhhhhh
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Out of interest, I checked and here's the requirement :
https://map.nzx.com/static/forms/doc...isclosures.pdf
" ..... we would expect the SPH notice to be filed, usually, within one business day of them becoming aware of the events which triggered the disclosure obligation."
During Q&A session in the recent shareholder meeting, Phil did mention directors will be buying during this CR. I was also wondering why it took this long to publish to market. Anyway I’ve been buying too in the last week. Got a few more last week. This is my most speculative and risky holding but I think Task adds a new and exciting dimension to their product offering and if negotiations with mcdonalds(as discussed during recent meeting) frees Plexure to offer their service to maybe other fast food giants then it will be even bigger win for Plexure.
According to the legislation there is a difference between SPHs (substantial product holders) and directors/senior managers. SPHs should notify as soon as possible, while insiders should be within 5 days or 20 working days (in certain circumstances). You seem to be implying there is something shady going on here, when they are only meeting the legal requirements.
The notification from PX1 even refers to section 297(2), rather than section 274.
Yeah good point. But wonder at these levels below 0.6 is still a good opportunity to buy in? SP hasn't dropped back to Cap Raise price which is always a good sign that the bottom has been established and held above CR price. So a rally should be in the works to follow one might expect? Seems like most flippers might have cleared out now that may have just been looking for a 10% profit off the back of the CR. Thoughts?
OMG …the much respected big Plexure shareholder Scobie Ward didn’t participate in the capital raising
Vote of no confidence?
Also already has a pretty huge holding. Good news directors are opting in, always a good sign for the direction to follow. Not a lot of resistance really on the sell side so seems quite likely with this news will be back up in the 6's this week. Maybe even back into 0.7's this month. Who's got the crystal ball but on the cards :)