It appears you agree Jim, nothing is known about Mr Grech selling his shares at 3c. What on earth has selling a holiday penthouse got to do with selling shares?
That is a trait of yours all along. Your imagination thinks something therefore it is!
Young Master frankie appears to be another case of imagination getting in the way of rational thinking!
I have no idea if Mr Grech is buying or selling and frankly I don't care. I'm not the one making statements that he has sold or that he is selling, without any kind of proof.
This latest tete a tete started because you said SGH has time and again proved worse that putting money in a bank. I pointed out that for 8 years SGH was a very good investment that I can imagine would have made a few people a lot of money. I'm not talking about a 3 month flash in the pan, I'm talking about 8 years of compound growth 22% not including dividends.
It doesn't need pointing out that it has crashed over the past 3 years, one would have to have lived under a stone not to realise that.
I make this point because 'wise after the event owls' point out it was always a bad investment. Yet for 8 years it courted investment professionals and made brief entry to ASX100. It was investment grade by every measure. Nobody should feel bad about their decision to invest in SGH unless they made that decision after Nov 2015.
SGH Price at posting:
$3.20 Sentiment: None Disclosure: Not Held