He sold the shares in an off-market transaction to TTY - at a 20%+ premium to current pricing.
I would have thought this might be more a sign that TTY are shaping to take over as they have just increased their holding to over 13%.
He needs to be able to justify to TTY why he sold his own shares to the company he is chairman of for a significant premium to market. If you think he has "dumped" them on TTY, then TTY shareholders are going to be justified in giving him a right ballsing.
Time will tell, I guess.
MAL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
