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Here’s our weekly look at which ASX small cap directors are buying or selling their own stock (week of Oct 29):

Registry Direct (ASX:RD1) chairman Donald McLay has sold down his stake by a little over 2 per cent.

The chairman of the almost-billion dollar Credit Corp (ASX:CCA) and Clime Investment disposed of 3.5 million shares, taking his interest in the company to 25 per cent.

The off-market sale netted $105,000.

Mr McLay is also the founder of Australian Helicopters, a company that became “the largest Australian-owned rotary wing contractor to State and Federal government agencies”, according to his LinkedIn page.

Stockhead is seeking comment on why Mr McLay sold down his stake.

>> Scroll down for a list of $100,000+ trades in small cap land last week

The Biotron (ASX:BIT) board was active again last week after cashing in the week before.

The stock has come off its epic highs after that HIV announcement in September which was later examined by the ASX.

Director Robert Thomas cashed in again, exercising $60,000 worth of options and still doubling his money by selling the lot for $180,000.

CEO Dr Michelle Miller exercised $31,000 of options and lifted her stake in the biotech to 3m shares.

Walk this way

Indoor Skydive (ASX:IDZ) director James Spenceley lifted his stake in the company which offers exactly the kind of fun its name suggests.

This was Mr Spenceley’s first purchase into the company after joining the board in September and he went hard, taking a 6.5 per cent stake.

If his track record of companies is anything to go by, Indoor Skydive could be one to watch.

Mr Spenceley founded Vocus Communications, chairs online jobs board Airtasker and Silver Heritage Group, and he likes to do a bit of venture capital investing on the side.

Incentives, debt deals and dividends

The three biggest deals were not technically the kind of acquisitions that really count — they weren’t on-market purchases that show the director is really backing their horse.

The largest at $2.2m was Apiam (ASX:AHX) managing director Christopher Richards reinvesting his dividends under the company plan.

ERM Power (ASX:EPW) CEO and managing director Jon Stretch was given almost $1m worth of shares as short term incentives.

Michael Fotios — of Eastern Goldfields (ASX:EGS) fame — reported a major bump in his stake in Pegasus Metals after loans through companies he controls were converted into debt.

Pegasus is being used as a vehicle for Burkina Faso explorer Scorpion Minerals to backdoor, one that was announced in January and closed in October.

Mr Fotios resigned on the same day as he reported the acquisition, in a director trading notice, of 26.6m new shares as payment for half of an unsecured debt. He owns 23 per cent of Pegasus via stock in his own name and in two investment companies.

Here’s a list of $100,000+ trades in small cap land last week:

ASX codeCompanyDirectorChangeDateVolume$WhereTotal holdings controlled
BITBiotronRobert ThomasBuyOct 30-Nov21m60298Exercise options5.4m
BITBiotronRobert ThomasSellOct 30-Nov21m180522On market4.4m
RD1Registry DirectDonald McLaySellOct 303.5m105000Off market32m
AHGAutomotive Holdings GroupJohn McConnellBuyNov 179,683169704On market179,683
EPWERM PowerJonathan StretchBuyNov 1584,478980169Incentives4.7m
IDZIndoor Skydive Australia GroupJames SpencelyBuyOct 308.8m529575On market8.8m
IHRIntelliHRJeremy FongBuyOct 29410,627123188Incentives3.8m
PUNPegasus MetalsMichael FotiosBuyOct 1826.6m800000Debt conversion49m
ASHAshley Services GroupChris McFaddenBuyOct 26, 30, 31554,007140639On market630,630
LHMLand & Homes GroupChoon Keng KhoBuyOct 305.8m115000Convertible note subscription503m
DCGDecmil GroupDenis CriddleBuyOct 24-25400,000297545On market27m
AHXApiam Animal HealthChristopher RichardsBuyOct 26350,8282234072Dividend reinvestment plan29m
COGConsolidated Operations GroupPatrick TuttleBuyOct 24-291.7m191025On market1.7m
DHRDark Horse ResourcesDavid MasonBuyOct 2516.7m100000Shares in lieu of fees104m
WBTWeebit NanoYosi KeretSell Oct 23-294.75m152678On market24m
MRGMurray River OrganicsMichael PorterBuyNov 11m100000Entitlement offer1m
MRGMurray River OrganicsValentina TrippBuyNov 12m200000Entitlement offer2m
BSABSAMax CowleyBuyNov21.3m359999Dividend reinvestment plan73m
SRHSaferoads HoldingsDarren HotchkinBuyNov 11m350000Off market7.6m