If you believe LD is trading the stock by picking the top for share sale and thinking ZIP will be back to 30c, he should've sold as much as he can rather than just a half, because he doesn't have to worry about the impact of his sale on share price after the block trade is completed. Some one said he could then sell the rest without noticing, but he could also do a single block trade of 170M to save much more. If he is purely to reduce tax for the rest half (say he sell them in other FYs), would a price drop to $1 or 30c make it much less compared to tax? I cannot see any evidence supporting the speculation that LD believes the share price has reached the top and will go down to $1 or lower.
ZIP Price at posting:
$2.91 Sentiment: Buy Disclosure: Held
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