Forbidden deals

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.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

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