bruce gray gone?, page-13

Interesting.

A) he is an oldie and has no real need for the $ (in these amounts) for personal expenditure. Is is wealthy (by my standards) anyway.
B) he has Gray Surgical - a moderately successful business (mainly in Europe) that has been running for some years.
C) as posted re the Forex rates, SRX is in line to have profits in excess of $30 for Y14 - IMO.

My best guesses are A) just over the combat with the SRX board and wants to walk away from the stress, B) he knows something we don't :-), and C) he is going to invest in another business in Europe.

I have to believe that C is the answer. I dismiss A as I think he likes the cut and trust of a good fight. I also dismiss B as I'm not sure he is close enough to the day to day operations any longer, and in any event it would be privileged information trading, possibly.

If I were in his position I'd have moved OS for a year of so and domicile myself in a jurisdiction with no CGT. A $30m+ extra in the back pocket. Thus I have to believe he needs the $ for another enterprise and time is of the essence.

It does remove an overhang on SRX shares and assuming my guess is on the money then it is a good thing.

I'd expect the market makers to attempt to drive the SP down for a day or so to test the strength. If it holds then we should be good.