RE: Impact of Cathal selling24 Jul 2024 10:33
Dustofnations,
"Logically, one would expect this to be where CF is putting that cash." (EGT)
"CF seems to like making high-risk early stage investments where he can have a big impact, retains control, and has the opportunity to (for example) 20x+ his return very quickly. That's fair enough."
CF isn't just ANY investor in HVO, is he?. He is the CURRENT, sitting Chairman. Therefore, the Chairman first dumping majority of his holding and then dumping the remaining is a real concern.
It's not fair enough for a sitting Chairman to dump all his holding.
It's a red flag.
The Chairman knows more about the company and it's prospects than any II or BB poster.
If he had left and then sold then it's a different matter.
Given CF has now dumped shares in HVO twice, why wouldn't he do so on other ventures as well??
"Yet back with HVO, I am very pleased with Mo and the team, and the serially successful results speak volumes about the direction of the company — but, it's not a high-risk early stage business any more. HVO has become a mature, steady growth company, which is held as a 'core portfolio' asset by various IIs and punters like me"
Classic! don't worry about HVO, keep invested. The CEO, who has >7m options, due to be exercisable from few months time would want the sp to remain at current levels or higher, as he has the incentive (>7m options) to talk the company up!