Guys maybe I’m missing something but by my calc MH could have split the shares first, both to below 5% and non disclosure and then sold the 500,000 shares. IMO he could conceivably sold then “openly” to show the market that’s all he’s selling.
The notification that he’s looking for a debt facility could mean he’s gearing up to participate in the non core asset spin off or raise cash to exercise the 20c options to have a bigger stake. For reasons we won’t know as yet. He’s been bullish on LPI, given the progress we’ve made he’s not selling on fundamentals. Something is up, let’s wait and see
LPI Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held