Joanne paid $450K to exercise 4 million employee options (2 series).
AVG COST: 11.25cps
Today sold 1,550,000 shares for $160K
AVG PROCEEDS: 10.34cps
Return on Investment after 1.5years of holding those 1.5million shares = -$14,105 (excluding costs).
For an avg loss of 14K today, perhaps urgent cash was required. (Margin/property/taxation strategy/super - too many possibilities).
Joanne also has 3million 25c options expiring July this year.
Cheers,
The Sparkler
director joanne williams sells 37% holdings , page-3
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Mkt cap ! $205.2M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 25000 | 88.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 3950 | 1 |
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