RE: £4.8020 Aug 2021 10:47
Happy Friday follks, Forgive me for stepping in...
So, the upshot of this is that John story still holds all his shares, even though he is able to sell 80% of them at any time and at any price he pleases...?
recently, on another CBD board of which John was invested CBX (much hyped at the time of ipo ) , a recent RNS stated the following,
"At the time of Cellular Goods' (LSE: CBX) listing on 26 February 2021, it disclosed that Mr John Story held 15,000,000 ordinary shares in the capital of the Company representing 3% of its issued share capital. Following enquiries made by the Company, Mr Story has informed Cellular Goods that he has disposed of his entire holding in the Company. No further details of the disposal have been provided to the Company under the disclosure rules concerning share transactions by a significant shareholder."
Now, knowing that John has been involved with /ZOE/CHLL for a much longer period, and the fact he continues to hold his shares (all of them to my knowledge), even when the SP is higher than when he bought, leads me to believe he still sees potential growth in the company.
He is also a man who is happy to cut his losses and move on.