So by contrast is your take that he shouldn't make *any* money? He held, it is inevitable that they were to be sold.
I just mean the timing being now, is better for all. What would happen to the company and share price if he started to try to sell off his 15% holding when it was an operating concern? Absent hype and investor focus on the company, when people start making investment decisions on going concerns they look at balance sheets, operations etc, and in general volume is lower.
So he can sell large chunks of shares by offering them at a discount relative to the companies perceived value. How does this look? "Why is this big holder selling!!!" etc.
Even if he waited till there was real revenue, a price of 10-15 cents, would that be better? How? It would be 19-28 million aud of volume! What would the appetite be for shares at that price.. could it happen? I don't think so, because to get that volume of sales you would need plausible reasons to imagine the price would increase. I think it would just tank the price, cause he'd have to sell way below market value to move them.
But what price should he have started to sell at, or should he just have held forever?
I just think this timing is less damaging relatively. Maybe I'm wrong.
OVT Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)