He has offloaded a parcel of stock not on market but to strong hands.
He knows the company needs to be in a stable cash position so has decided to take it upon himself to do it early. Irrelevant the SP could run in a few months.
What if these were left to an underwriter?
Other directors also taken up some of them. Yep because they believe the sky is falling. really!
Who would be a CEO. You get slammed when you buy (not enough or done the wrong way)
You get slammed when you sell (too much bad timimg, .........)
When is a good time to sell? When the SP is at a high? Imagine the outcry then.
IMO every one got tricked this was a bad ann by a bot selling down $6 worth of shares.
NSL Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
(20min delay)