Well thats sucks.. Big gap don today on the news of CEO being stood down.

Increase in shorts over the last couple of weeks not a good look. Still mangment buying a heap of shares on market a month ago and now they can clear the deadwood and get someone better in there to run it.

I bought more in my personal portfolio this morning. Sure there may be more skeletons in the closet and it makes buying here uncomfortable.. But my the time you get reassurance you won't get this price.

Trippling down here in my own portfolio at ~2.90. Lets see how we go.

A stock that isn’t that exciting but one I have been keeping one eye on as it is owned by a few Fund managers I rate highly. When the recent downgrade came a couple of days ago I was asking myself I wonder whether those fundies think this price drop is warranted and perhaps getting out or maybe a buying opportunity.

Then the directors stepped up with some massive on market buying, a sign that they think the drop is overdone and worthy of putting some more cash to work. This combined with some sharp folks already liking it is a massive green light right here for me.

High conviction Buy.