"WITHIN a month of Rob Shand resigning as Blue Sky boss, almost all of his family’s shares in the troubled Brisbane-based fund manager have been offloaded.
The sales of the 214,000 stock have turned up in a Courier-Mail search of the share registry of Blue Sky Alternative Investments, where Mr Shand was managing director until April 23 this year.
Mr Shand’s Shand Super still retained 6000 shares in Blue Sky. The sold shares were held in his wife Anna’s name for a trust of which he was a beneficiary, and the registry showed all those shares were gone by May 9 and not transferred to any other family company."
So yeah, Rob Shand has cut Blue Sky loose and taken the loss on his most recent purchase.
BLA Price at posting:
$2.67 Sentiment: Sell Disclosure: Not Held
