Why IMU is a multi multi bagger, page-17134

It's not an either or though. Board members don't have to hold forever, otherwise their shares are as good as worthless. He saw over exuberance and sold out. It wasn't that he intentionally caused the share price to fall after selling out.

No one here should be silly enough to believe that the company had any responsibility for the appreciation and subsequent drop. What we saw was the result of an over optimistic market pumping prices well above what they should ever have been. The subsequent drop was not due to management, but rather, a return to reality. If we hadn't have had that absurd rally, then the share price would still be double what it was at the start of COVID (the frothy period) and no one would be complaining. Can't blame management for the stupidity of the investors...