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He sold at 10cps to help fund his commitment at 13cps Perhaps he...

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    He sold at 10cps to help fund his commitment at 13cps
    Perhaps he was hoping or planning to get a better on-market price for his sales, although the 1:1 attached options in the placement would help soften the blow.

    It's a bit on the nose that the directors endorsed the placement with their $1m commitment but we now find that one of them(so far) was selling on-market to part fund that.


 
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