You can enterperet his timing and tactical intent any way you like.
But he would have a heap on his books owing him 3c and a potential tax write down on ipo shares showing 20c.
His announcement shows that he stopped selling when he reached 10.01%
This is more about account keeping and cash flow than a bleak future as some are eluding to.
Remember also, that under the rules and regulations governing the reporting of significant share holdings, you may enterperet per the sub clauses that you are only required to report upon the completion of a buying or selling phase. (this is certainly the case with 3b's)
EPR Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held
