Damn... that sucks for Todd! What an absolute joke by the ASX. Todd was trying to do the right thing by shareholders, supporting the placements and acquisitions. It's not like he was granting himself free options. Everything fully disclosed as well. Absolutely poor form by the ASX.
4 million shares disposed (assumingly) on market explains the recent selling... so now we know why the share price has been destroyed. Todd must be fuming regards to the ASX rule, watching the share price move lower after all the hard work to build it higher.
Still another 4.49 million of the 8.49 million yet to be sold. Hopefully someone (a STL believer) with some deep pockets takes them as a block trade and off market.
A bit more share price weakness to come, unfortunately, it looks... Massive buying opportunity around these levels, when you know stock's being sold that doesn't want to be sold.
STL Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
