I think Randeep meant, excuse me if I'm wrong, that the Directors selling were people like Stuart Dawson.
He was "resigned" and has been trying to get out for sometime now.
I know he has a fellow "resigned" Director with him and maybe that's the end of it. They have no entitlement to the 7p share out.
If there is the the 2.2m in the pipeline, then that would take Ian up to his 15% or there abouts, quite handy!
Perhaps the cheeky devil knew all along that he would only be able to get up to 15% anyway.
It also opens up quite a few questions:-
How much does Ian know?
If you look at it as a whole picture then it starts to appear a well co-ordinated exercise, that went nearly completely overlooked.
He started buying in June I think it was at 100k blocks. Bearing in mind the NMS was 1k at the time, now 3k.
He has faced no difficulties in pulling in deals, when myself have been have had a couple of orders declined.
Also, why did the price not rise when it was quite clear that he was stake building? He has made no secret of that.
When everyone else was running around like headless chickens, me included, prior to the results, he carried on picking up ever increasing quantities.
I have no axe to grind, I am £1k up on my purchases and I like to think as Ian as a friend. He is also a private investor with his own agenda.
Maybe I have had too much time on my hands over the last few days and my mind is getting carried away.
But if you look back at the last 7 months for FFA, it would appear that something changed and only a few got whiff of it. New management, of good quality, a new deal with DKW and the Thales mou.
Ian has done well to go from nothing to 10% and register a profit to boot! I hope next year will reward us all with good news on the deals front.