The investment proposition is different between non-holders and prospective holders.
If I was looking to acquire, for arguments sake, 1 million shares. I wouldn't have bought them at $1 just so I could buy 1/20 at 75c. I would have waited while an ex board member continued to indiscriminately dump their holding and acquire them for >5% cheaper than $1.
Pete seemed like a savvy investor when speaking to him at the AGM - I'm not sure how deep his pockets are. At the end of the day everyone acts in self interest. Except, ironically, an ex-board member. Seems like the only time in RAC history they've not been acting in self interest lol.
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