Indirect shares sold was probably the margin loan
Direct shares sold was probably to cover the loan
Quickly looking back at past notices (3 years) he bought.
400,400 x 0.25
1mil x 0.25
400,000 x 0.135
120,000 x 0.13
That covers 1.92mil shares out of 3.88mil that was sold.
1.92mil component translated into $302,500 loss.
So he is certainly feeling some pain!
one director selling out, page-12
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