It's all just speculation.
For all we know about Simon Hacket is, that from the official announcment beginning of May, the reason for selling was to take advantage of the tax system.
From early May till the record date of the entitlement offer mid June, for what we know, he could have sold down to 2,400,000 shares to realise the losses. So maybe he took his full allocation ($250,000 equals about 1,200,000 shares). One thing's for sure - only he knows and that's good enough for me.
The fact that he put in again 250k gives me some confidence.
GLTA
Ann: Redflow progressing multiple commercial opportunities, page-19
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Mkt cap ! $30.39M | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 68449 | 1 |
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