I agree with you. I’m an ex holder, but still following. It is possible Richmond is selling some today, as he can sell with company approval, but if so there must be a raft of individual buyers, as the largest line is 1m shares. More logically, someone or a group are buying up some today, and we might see the Richmond line done this week when the current waiver expires at about this new price level. They’ve had 6 months to find a white knight, and the business has continued to progress. And its not as if there is any animosity. He naturally wants out and the incumbents naturally want to keep management control. Better watching than reality TV.
CNW Price at posting:
2.2¢ Sentiment: None Disclosure: Not Held