I guess it all depends weather it was a calculated decision over time or weather someone decided "enough of this, im over it. This is whats going to happen". If it was carefully planned after advice then why a trading halt? The new placements would have been known for ages? Seems like someone cracked it. Why would Stephanie resign after such enthusiasm to date. Either way good luck to her for the future.
Either way i am still happy that at least now the CEO and board members have a massive incentive to improve things even regardless of shareholders. Too often we see directors cruising along taking salary but not buying in and risking their own cash. In this instance it seems that mr Tribe has been involved for a while now and to go from 5% to 20% holding sure indicates he is seeing something he believes can make him a profit. Bearing in mind his original investment had gone from 4c to 2.8 up to now that is a big call to put another 7 million in.
As i said i thought the worst and luckily no dissapointment here, was nowheere near as bad as i thought. Major improvement in the board's commitment and focus just due to their holdings now.
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