A lot of people are making a mountain out of a mole hill at this resignation of Mr O’Neill and selling of his shares.
Does anyone know his age?
Hypothetical let’s say he is at retirement age, he sold of 40 million in shares for about $2million. Now he has locked in a safe retirement for himself and his family(good luck to the guy).
He still has about 50 million shares left, hopefully he will be selling them for a couple of dollars in the future.
This is bad timing for the current share holders who panic and start selling now. However, those who wait for the announcements if they are positive will be rewarded for the patience.
A lot of people are making a mountain out of a mole hill at this...
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