$40 cents club, page-1510

that’s easy GMD has less shares on issue and Red 5 is still way under valued to its peers on a multiple basis. It will take a couple of qauterly results under the merge to filter through before a rerate will occur in Red 5 share price and Tonkin share selling has been swept under the carpet. Personally he would have better off selling prior to taking Red5 shares. But in my opinion he did it to arrange his performance uplift on issuing himself and Baird member new shares which has yet to be announced. Most CEO play this game to allocate themselves more shares early on in the piece.