ADN 5.08% 5.6¢ andromeda metals limited

more selling by a director

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    On 16 December 2009 it seems that Director Brown sold 306607 shares in ADN for $92982 i.e. 30.3 cents a share. (See press release on 21/12/9)

    Most companies would have an internal ruling about the timing and selling of Company shares by senior staff and Directors and it seem strange that the Board of Directors allowed Director Brown to dispose of shares when another batch of important results is imminent.

    I am not suggesting for one minute that anyone acted improperly, I just find it strange. It also tells us that as of 16 December, 2009 the Directors were not aware of any results of material sigificance to the Company.

    Please do your own research
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