Personally I am not too worried about this.
Note that Mr Choi is a former director of the company (reference ASX - Director Appointment/Resignation - 10/09/2010) who I have listed per 30 June as
Substantial shareholder
Shareholder Name Share Holding % Shares Held
Mr Patrick Choi 6,482,411 7.23
I think it is not at all uncommon for former directors to sell out part or all of their stocks at some stage after employment ceases. I agree that from a liquidity point of view it is actually a positive for this company.
director selling, page-4
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Last
$1.63 |
Change
-0.005(0.31%) |
Mkt cap ! $2.079B | |||
| Open | High | Low | Value | Volume |
| $1.62 | $1.63 | $1.58 | $11.45M | 7.133M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 119159 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.63 | 108765 | 5 |
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| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| BGL (ASX) Chart |