$DSONIC (5216.MY)$ - 14th June massive issue of ESOP shares ...
- 14th June massive issue of ESOP shares options to directors @RM0.446
- Directors start heavy selling to cash in. Price dropped from 0.58 down to 0.50
- the week after that Dsonic starts daily share buy back at RM0.505 - RM0.530
Why ?
1. Directors will most probably still pay tax on windfall income from shares sales. ( some may not, so this benefits them instead of a direct payout from company)
2. The above allows for this counter daily traded volume to swell up. Attracting new retail investors.
3. Dsonic successfully push down the share price to buy back at a cheaper price. At the same time creating a stable support zone.
All indicating to an impending breakout. Now the only question is when?
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