Director Dealing - Tadpole

Following on from the good news the other day that newly appointed Director Peter Bondar had bought 101,228 ordinary shares of 1 pence each ("ordinary shares") at a price of 4.9p per share. We then got another announcement later that day that he had added a further tranche of 99,203 ordinary shares of 1 pence each ("ordinary shares") at a price of 5.0p per share.

Not to be outdone and true to his word (from the previous post)[David Lee said something along the lines of, just because I don't go out and buy some tomorrow, does not mean that I won't be buying.] yesterday came the announcement that David Lee had added a further 150,000 ordinary shares of 1 pence each ("ordinary shares") at a price of 5.25p per share taking his stake up to 1,000,000 ordinary shares, representing 0.25 per cent of the ordinary share capital of the Company.

I think it's a good endorsement to the state of play just now that David, who has options he could have exercised instead (granted he wouldn't have gained anything on them right now), actually put his hand in his wallet (not that I'm suggesting you keep that much in your wallet all the time David....lol) and bought the shares on the open market too.

It will be interesting to see if the other two Directors Iain Cockburn and Mark Ketteman follow suit and also purchase shares.

There is also the fact that, the more shares the directors purchase, the better the chance of getting the adjourned resolution passed at the next showing of it. Yes, before anyone says it, they will have nothing like the 20+million required to block the possible no vote that might appear, but every little helps doesn't it.