Something doesnt add up to me.
It says he sold over 1M shares at 14 cents on-market on the 25th to 26th of May. I just checked the trading on those days and 880,679 shares went through with a low of 14 cents on the 25th and the next day 812,499 went through with a low of 14 cents. 14 cents was the lowest price paid in at least 3 months. On the next day (last Friday) the share price sprung back.
If you beleive that contracts are about to be signed causing the share price to go up, why would you take rock bottom prices?
Why would you sell more shares in two days than any tading day in the last month? A tax bill doesnt spring out of the air from no where!
If you are simply reducing your tax bill, arent there laws against buying back in straight away? Therefore if he wa sonly doing this for tax purposes he would still want to get the best price possible.
Warren buying on market was one of the pieces giving me such confidence and now he goes and does something so unexplainable on so many levels.
Anyone care to shed some more light?
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