RE: DM and the He1 Board need to buy More Shares to Show Confidence.6 Jan 2023 23:06
Josh.
“They can’t realistically sell there own shares”
3 years ago when I had just invested in Plus500ltd, after the CEO had told the markets of how well the company was doing and how bright the future is looking, he dumped his 12 million shares on the market 2 days later.
It was carnage. Elon Musk is selling his shares in Tesla. So yes, they can sell their shares. Not the best thing to do if you're still running the company, as like the Plus500ltd CEO it crashed the SP and it took 6 months for trust to return.
They will have hoops to jump through as well but they can if they want to.
Nothing stopping the BOD buying more shares now and selling on discovery.
I was thinking earlier on this evening, would DM have made the same decisions over the last 24 months if he had £250,000 skin in the company?
Over to you DM for an answer.