@pko65197, I suspect when Dave says "Nearly all insiders are working with Bell Potter to manage their sales in such a way as not to impact the market" he probably means some 'institution' WILL take them up. That's in their individual interests anyway. Throw 30mill on the fire and they won't likely get value for their own sale anyway.
Yesterday's letter was a frank and fearless state of the nation at Buddy HQ.
Dave pulls no punches and writes in plain English and provide detail that demonstrates he understands shareholder anxieties.
His qualities in leadership are extraordinary as demonstrated clearly in the letter.
I am very comfortable with this investment.
Really like the bit on compliance rules too - that I agree should be akin to adding first mover advantage.
(some very strange posts above indicate some have not really read the letter properly - perhaps in haste to fire of a post to HC)
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- Ann: 2018 Annual CEO Shareholder Letter
Ann: 2018 Annual CEO Shareholder Letter, page-28
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