Seems to me like its something management should have been aware of and planned for accordingly. Major shareholder holds shares in a fund that has an expiration date but seem to get caught by surprise when the selling starts which in turn forces the resignation of an experienced director from the Board.
Personally and just my opinion but I think Tauras just want out. If they wanted to keep the shares within Tauras somewhere they would find a way to transfer/ sell to another fund within Tauras. 10 years of hanging in there and on the cusp of it all finally coming together after a decade of hard slog they can't find away to keep shares in a company they have backed for so long and will let all of those potential profits go??
Seems to me like its something management should have been aware...
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Last
97.0¢ |
Change
-0.040(3.96%) |
Mkt cap ! $146.8M | |||
| Open | High | Low | Value | Volume |
| $1.01 | $1.03 | 97.0¢ | $84.98K | 84.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6030 | 97.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.00 | 11000 | 1 |
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| HCH (ASX) Chart |