Yep that's how I'm reading it.
IMO it's not big Tom selling.
Tom Waterhouse, CEO of Waterhouse VC, commented: “BetMakers is an attractive investment proposition in global racing, with unique access to valuable race data and bespoke pricing through their Managed Trading Service platform. Waterhouse VC is delighted to convert its first 1 The ‘Waterhouse Group’ comprises Tom Waterhouse Punting Pty Ltd, Waterhouse VC Pty Ltd and Tarpin Finance Pty Ltd. 2 For further information, please refer to the announcements released on 28 January 2020, 2 April 2020 and 27 May 2020, and the notice of general meeting dated 17 April 2020. tranche of Performance Rights to provide further funding to this exciting business. We look forward to our ongoing relationship with BetMakers over the years to come.”
He's clearly stated that he's looking forward to an ongoing relationship.
In other words I have made a lot of money today on paper but I'm going to hold for a hell of a lot more
Ann: Waterhouse Deal Generates Over $6.2M in Revenue, page-47
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