"...Did Buttula know about the TGA’s concerns when he sold $6.5 million worth of shares in September? Why did Rhythm’s December market update say there had been “no further formal correspondence” blaming a Covid “backlog” when there had been contact months earlier? The FOI-ed document has since been kicking around trading forums, and is probably what sparked the heavy sell-off last week. After seeing it, we left several calls with Buttula asking about the circumstances of his share sale, and of last week’s events, to no avail...."
Optics are awful.
RHY Price at posting:
17.0¢ Sentiment: None Disclosure: Held
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