PME founder began cashing out large stakes at beginning at $8 per share, today PME is $140.
Plenty of similar stories of founders cashing out with stock then being wildly successful. Xero founder sold a massive stake early days too. Gone on to multiple bags since. Wisetech WTC - constant selling by founder in early days, tens of millions worth, at sub $20 per share prices (today WTC is $93).
nothing wrong with founders cashing out large stakes without prior notice. The problem here is with the business itself, not the cashing out.
PME founder began cashing out large stakes at beginning at $8...
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Last
$1.39 |
Change
-0.040(2.80%) |
Mkt cap ! $529.9M | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.45 | $1.37 | $3.030M | 2.179M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5362 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 8310 | 1 |
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