The announcement is bad for the company and for Robertson. It basically says that the company thought things were looking and as early as the 19th of May (that's when they knew about the trend vote was negative), but that they hoped all would be ok. Their response was not to stop directors trading, or to announce anything to the market. instead it was to hope everything would be ok. When they didn't get any more news, then they decided that the initial information was bad after all and called the trading halt. The company claims they had no indication of any probs until that time. Amazingly, Robertson chose to sell 2 days before they got the verbal communication. One might ask whether there was any correspondence between the company and CHMP prior to then that might have indicated they had some issues........ seems an amazingly late coinicidental call by the CEO to sell so many shares after he had known for over a year of the tax liability he had to address.
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