KB made a quickfire $2.7M profit on exercise/sale of options about this time last year at ~76c ... but now June 5 is approaching. With the SP at 22c, it'd take a massive chunk of his remaining holding to be sold to raise the cash for the tax bill (>80%!). Will be interesting to see if he sells at such a large loss (40c purchase price) to raise cash for the tax bill, or finds the money elsewhere.
KB is certainly feeling some of the pain that retail shareholders are over the past 12 months. If he finds the cash for the tax bill without selling shares, I'd take that as a good signal to buy (good news) ... and if he sells >80% (needless to say, bad news).
Good News & Bad News, page-5508
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Last
$3.00 |
Change
0.060(2.04%) |
Mkt cap ! $9.032B | |||
| Open | High | Low | Value | Volume |
| $3.04 | $3.08 | $2.96 | $72.45M | 24.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23223 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.00 | 132529 | 7 |
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| PLS (ASX) Chart |