"The Board also confirms that it has received confirmation from its CEO, Domenic Carosa, that he does not intend to sell any of his Crowd Mobile shares. As advised to the ASX on 17 October 2017 Domenic Carosa sold 5.6m Crowd Mobile shares via a block trade to mainly institutional investors. The purpose of the sell down was to extinguish a personal tax liability relating to CM8 performance rights granted. Mr Carosa is the single largest shareholder with 9.75% of the Company. Mr Carosa confirms he is committed to the Company for the long term as displayed by him moving his family to Amsterdam 18 months ago in order to be closer to the business and the market."
CM8 Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
