HLF 0.00% 0.7¢ halo food co. limited

Ann: Change in substantial holding, page-12

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  1. 416 Posts.
    lightbulb Created with Sketch. 86
    You guys r reading it wrong

    James holds 4.87% (12.49 M shares) (sold 0.16M shares for a odd 35K AUD)
    Viv holds 9.1% (23.3 M shares) (sold 2.3 M shares for a cool 500K AUD)

    together they own 13.97% of KTD. Valued at 7M AUD. It will be in their best interest for KTD to do well and maximize their returns. Why sell at 7 M when you can sell at 14 or 21 M in a few more months (provided things gets back in track)

    https://hotcopper.com.au/data/attachments/2358/2358917-90b5669dbe66662064632bd94edd5156.jpghttps://hotcopper.com.au/data/attachments/2358/2358914-081906836a9916d61b40df5f5f988c14.jpgWhen shares come out of escrow, it is fully vested so there are tax liabilities that they are required to pay up. I am sure that is the reason behind the sale of stock. This is common in startups.

    i m not too worried.

 
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