Why would he hock his shares at 33c, when it closed at almost 45c yesterday?
It was trading above 50c only a couple months ago and reached 60c+ on some big volume.
All of the announcements from the last few quarters suggest international expansion is set to generate 'significant revenue'.
This announcement quotes new and existing institutional investors.
I would have taken up some if offered at 33c.
Time will tell if the share price drops to this level.
But it's a really odd time to sell such a big chunk of his holding and at the price he did, knowing the next 3 months of news.
Perhaps there's some dissent in the hierarchy?
Josh started the concept, but obviously when you list and become a public company, control and direction is relinquished. There's been a number of new appointments and I believe the Company Secretary is also set to retire soon.
Methinks a call to HQ is in order.
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1 | 3927 | 0.425 |
1 | 5000 | 0.420 |
7 | 122710 | 0.400 |
Price($) | Vol. | No. |
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0.445 | 25205 | 2 |
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