AIM Does Not Know Why Directors Sold

On the Edge Financial Daily: AIM does not know why directors sold down stakes

• KUALA LUMPUR: ACE Market-listed Advance Information Marketing Bhd (AIM) said yesterday it did not know why two of its directors — Nyang Koon Seng and Tay Woon Teck who have interest in AIM via CG Assets Pte Ltd — had sold down their stakes.
  
  AIM, in response to a query from Bursa Malaysia Securities, said: “There is no corporate development relating to the group’s business and affairs that has not been previously announced or disclosed.”
  
  Low-key AIM was the fifth most actively traded stock on Bursa yesterday. Its shares dipped two sen to close at 14 sen. Its trading volumes had picked up since April 14.

Hmm.. such stories... first thing I usually consult is the charts.

Here's the chart for AIM.

LOL!

Wait.. the company DOES not know why two of its directors Nyang Koon Seng and Tay Woon Teck had sold down their shares?

Let me check its earnings..

Feb 2010: Quarterly rpt on consolidated results for the financial period ended 31/12/2009

Fiscal year 2009: Lost 1.284 million.

Feb 2009: Quarterly rpt on consolidated results for the financial period ended 31/12/2008

Fiscal year 2008: Lost 3.486 million.

Feb 2008: Quarterly rpt on consolidated results for the financial period ended 31/12/2007

Fiscal year 2007: Made 8.026 million.

Feb 2007: Quarterly rpt on consolidated results for the financial period ended 31/12/2006

Fiscal year 2006: Made 8.892 million.

Feb 2006: Not listed.

Hmm.... not the best... but certainly not the worst... and yet... the directors have been dumping their shares.

How?

(ps: since this was an official Bursa query, perhaps the company should understand the implications and the importance of the issue and have the simply courtesy and brains to call these two directors up and ask them why. )