I suppose that is my point. While the sale represents a significant 73% of the Chairman's holding, it is "only $300k of stock". To me that's a decent amount or cash, but it may not be to Shane. But either way, if he is truly keen to repurchase VEI stock, as has been reported by firsttothetable, why not buy the stock as an off-market transfer into his personal account and remove the doubt surrounding his motivation to sell. I would also add, that there has been quite decent volume transacted in the last week, allowing the Chairman plenty of opportunity to rebuild his position in VEI. However, we are yet to see any ASX disclosure regarding a purchase by the Chairman. Will be interesting case study to watch ...
VEI Price at posting:
77.0¢ Sentiment: LT Buy Disclosure: Not Held