RE:RE:RE:Strange that no Insider or major shareholder is buying ...GH,
The original question included both insider and major shareholders, but ES is really both a shareholder and an insider. Peter Gundy is clearly representing his interests as the Chairman of the Board. What this actually means behind the scenes is anyone's guess, and we can always debate if his interests are aligned with AZX investors.
By the nature of the current directives, the Special Committee and BoD have inside information, which would also make it impossible for these specific people to trade on the information, no? To the original question from the OP, "Why are insiders not trading?", then to me, the most likely answer is they can't until all inside information is released publicly. Do you see things differently?
If we consider ES not as an insider, but just a major shareholder, where Peter Gundy is really just some random person who found himself on the AZX board, then my original point still stands that he sees his warrants as a preferable way to play the upside. After saying all of this, I don't see any action by ES as bearish on the outlook of AZX, but if you have other ideas, then feel free to make that case.
The current management should tighten up some of the information. Things are getting better, but the Corp Presentation has not been updated, the current one is dated November 2017. Somebody should give them a call. It should not take long to have this updated with the latest info. May be they wait until the release of the updated RE?
As long as they release the new RE in early April and all other essential information is released before the vote at end of May, then I don't really care what else they do.
NP
Disclosure: I own AZX, this is not financial advice, do your own DD