The sale seems a not unreasonable move by Domenic Carosa in light of his stated intention to use the funds to extinguish a personal liability.
An alternative would have been selling the shares on market, and surely no one would reckon that would be a good idea. Such a move could have weighed on the market for weeks or months.
Getting a few more instos involved doesn’t seem like such a bad move either.
CM8 is sitting pretty. It seems to have sailed through the travails of the past year, coming out in pretty good shape with all metrics positive.
Some or much of this has been due to Carosa’s stewardship: I for one hope he enjoys the fruits of his labours.
CM8 Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
