IGas piggy Andrew Austin at the trough and worse, far worse
By Nigel Somerville, The Deputy Sheriff of AIM | Saturday 29 November 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It is hat-tip time once again to Jason. He’s understandably a bit miffed - he feels that Dart Shareholders were not given full disclosure of the true picture with IGas (IGAS) ahead of the recommended takeover of Dart in relation to the shareholding of IGas CEO Andrew Austin. He thought that Mr Austin actually HELD almost 11m shares in the company offering its own paper to buy Dart, but it seems that in fact he held fewer than 3,500,000 shares, with the rest in the form of an option. I would feel the same in his shoes. And so I thought it time to get to the truth about Mr Austin’s director interests and director holdings.