SRX 1.43% 17.8¢ sierra rutile holdings limited

Is it just me or does this not make sense. Wong sold a little...

  1. 308 Posts.
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    Is it just me or does this not make sense.

    Wong sold a little over $2m worth of shares at the end of October and said that he'd informed the Chairman of his intention to sell in July.

    He still holds over $5m worth of Sirtex at today's price.

    The delta between the $28.50/share he got in October and today's price of $15.84 is a little under $1m.

    Do we really think he threw away his career for $1m..?

    Granted if* he was acting on non-public information he couldn't know where the price would end up but even assuming he thought it might plummet 50% it still feels like there's something missing from this story.

    *- and that's still a big if.
 
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