CEO selldown, page-5

I think what we can read into the sell down is the "timing" of the sell down. Black out period would have finished on release of the 4C. Price spiked to $3.10 but guessed he had done the deal at $2.80 prior. Will trade between $2.70 (prior resistance) and $3.10 for the next 4 to 6 months. I was topping at $2.10 > $2.50 and sold a third of my holding between $2.93 and $3.00. Will top up again around the $2.70 mark with a 12 month $3.50 price target.