Directors cashing out of Party...

[Kirko Bara]

Found this interesting tidbit:

http://www.londonstockexchange.com/L...amp;source=RNS

Looks like the players aren't the only ones cashing out today...

The Quirky Kirko

[ericicecream]

These guys own alot of stock. The stock dropped alot and risk of dropping further. They decided to sell some of their stock. They are required to notify when they sell.

Nothing to read into here other than they want to take less of a risk in this hostile time.

[MycroftX]

Abandon ship!

[Perplexity]

WTF?

This document described them exercised options. That is, BUYING. Not selling.

[Kirko Bara]

AFAIK there are two different stock options (to buy for a certain price or to sell for a certain price). However, I really don't know [censored] about this, a friend just IMed me the link. If I'm sending out false "propaganda" or whatever - I'm sorry.

The Quirky Kirko

[DrSavage]

Unless I misread this it looks like they are excercising their options to buy stock in order to sell it, which probably means they expect it to tank further.

[Unabridged]

holy [censored]. maybe they using the options because they plan on adding the americans back in next week and making tons of $$$

[PokeReader]

They bought not sold - explaining. In Britain the company insiders that get stock in the IPO cannot sell immediately like in the US. Most of it has to be held for five years. So the founders previous,(now much less) 500 million in personal equity is total tied up in the company, and if the company tanks, them will go broke, like the paper rich from the internet bubble.

I believe the excising of the options, (buying), was a desperate choice to try to shore up the stock price. As I have posted elsewhere, the legislation has triggered a clause in their 500K line of credit loan from ABM Ambro that requires renegociation of terms. Can't say exactly what their financials are now, but they are not what they were.