NDO 1.83% 83.5¢ nido education limited

director joanne williams sells 37% holdings , page-3

  1. 1,857 Posts.
    Joanne paid $450K to exercise 4 million employee options (2 series).
    AVG COST: 11.25cps

    Today sold 1,550,000 shares for $160K
    AVG PROCEEDS: 10.34cps

    Return on Investment after 1.5years of holding those 1.5million shares = -$14,105 (excluding costs).

    For an avg loss of 14K today, perhaps urgent cash was required. (Margin/property/taxation strategy/super - too many possibilities).

    Joanne also has 3million 25c options expiring July this year.

    Cheers,
    The Sparkler

 
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