The chairman and finance director of Forbidden Technologies have both bought shares in the web-based video post-production technology developer.
Earlier this week chairman Vic Steel was repaid the £78,500 he was owed by AIM-quoted Forbidden. He reinvested £72,000 in 450,000 shares at 16p each. He owns 812,500 shares, which is equivalent to 1% of Forbidden.
FD Phil Madden has nearly doubled his stake in the company by buying 75,000 shares at 16p each. He now holds just under 151,000 shares.
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The shareholder list is still dominated by founder and chief executive Stephen Streater, who owns 78.7% of Forbidden.
There are an increasing number of broadcasters using Forbidden's FORscene technology. Forbidden has done a deal with EditShare which will integrate FORscene into its product. Other deals with partners are likely.
Forbidden generated revenues of £281,000 in 2009 and made a loss of £57,000.
Top Director Buys
Forbidden Technologies (FBT) Director name: Mr Victor J SteelAmount purchased: 450,000 @ 16.00p Value: £72,000
Forbidden Technologies (FBT) Director name: Mr Phil MaddenAmount purchased: 75,000 @ 16.00p Value: £12,000
Top Director Sells
General Electric (GEC) Director name: Mr Brackett B. DennistonAmount sold: 1,640 @ € 12.26 Value: € 20,106
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