Bob East sold a bigger parcel (1.3M shares) at ~$3.45 in Sept 2015, and the share price went all the way to $5+ subsequently. So, obviously it was not the best sales execution you would say in terms of timing. He could have sold at $4++ easily. Now it's only 250k shares..so a much smaller parcel than the one he sold earlier..maybe he's learned his lesson to sell in smaller parcels to average out..haha. Good thing though is that despite he sold 1.3M shares back then, he's still with the company and doing some good things.
He had the 2.3M shares since the company was floated..and he hasn't bought a single share from what I've observed...maybe he doesn't want to over-concentrate his financial capital and human capital together in one company?
I think the fact that today held above $2.58 is a good sign as there's plenty of opportunity to push it down further. Double bottom? We shall see tmrw..
MTR Price at posting:
$2.59 Sentiment: None Disclosure: Not Held
(20min delay)