RE: Insider Selling...Don't mean to sound pessimistic but I believe now that Lyall's holdings are under the 10% theshold that requires him to declare his buys/sells, we don't really know whether he is still selling do we?
Again, it would be nice to see these well compensated executives who haven't delivered yet on their promises, to actually give a little and buy on the open market, unless of course they don't have faith in LEC's future.
How's about insiders putting their money on the line, instead of only us shareholders?
I don't believe this is being pessimistic on my part. It would be rather optimistic to see these well paid execs buying though, don't you think?
My main concern is that LEC is well behind the '8' ball in regards to commercialization in comparison to some of their peers, and with the share price at these low prices, any future financing will be quite dilutive, unless they surprise us soon with an offtake agreement.
One more thing, if Lyall just wanted to trade a few shares, he could've been more supportive of the share price and sold when there was support at higher prices. Instead, he decided to sell over 400k shares when the price was falling and there was little support.
What does that show about the intentions of this rather large holder of LEC shares? atb