Nania is acting CEO of CXZ.He was also shareholder and portfolio manager at Lucerne.Due to this link Nania had direct or indirect control over about 160mil shares.
Lucerne, being in the fund management business has decided to sell about 100mil shares... Or about 65% of their holding in CXZ. Don't think all proceeds go to Nania. Fund needs to perform and make a profit
checking Lucerne website does not show Nania as currently involved as "personnel"So how many shares did Nania sell and profit from personally.... Was it 2 million shares
AndDoes Nania still have shares..?
If he is shareholder or investor with Lucerne then indirectly he would be having an interest in Lucerne's holding of 60 million shares.......I suppose the decision to buy or sell is made by the personnel at Lucerne and not by Nania
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