From the Nido homepage is the following.
'Nido Update
You will notice an announcement regarding the selling of shares by myself and my partner. In these times of uncertainty, I believe there is a higher level of disclosure required. Australia is a great country but a very expensive place come tax times. The stock sold was to pay the tax man and is no reflection of the quality of the company and the future that it presents to all of us.
Thought you might like to know.
Cheers
David Whitby
22 May 2009'
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- whitby sells to pay tax bill
From the Nido homepage is the following. 'Nido Update You will...
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