Have a look at who will benefit from going ahead with the IPO. Director taking exec chair position and opportunistically 'offering' to take up 19.9% of the shares. If the IPO doesn't go ahead (ie they sell at a premium to BTU) - he doesn't get the position or the opportunity to take up the shares. Is this a conflict of interest?
Disclosure - I hold BTU.
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Have a look at who will benefit from going ahead with the IPO....
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