Correct I believe he sold out late last year - which contributed to the share price decline at the time, obviously after he seperated from the company as we didnt see any reduced holding announcement (as required for a CEO). It only takes that sort of holding to be sold on market plus someone shorting the stock to push the share price down. We are currently seeing this now with a small number of shorted shares say 300,000 coupled with an algorithm trading system and the same thing occurs... especially as small levels of stop losses may be hit along the way and we are not seeing any new buying. Very sad and very unrewarding for shareholders and the company especially with the milestones we are hitting. I thought last last year we had turned the corner with the raising share price but that does not look to be the case.... The wait continuous until we see a serious large investor/s jump on board... Who..? and when..? is the question
AXE Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
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