RE:To all longs: Why did the CEO transfer over 2M shares?It was diclosed in the proxy circular and it is his 100% owned company. Done for tax planning reasons and no different than him owning the shares personally from a control perspective. If the company sells to a third party, it would have to be disclosed. Stop spreading irrelevant information.
PROtrading wrote:
When you change ownership from yourself to a different entity, a numbered, nameless, corporation, why was this not disclosed? How can longs defend that action?
As of that moment, the CEO no longer owns those shares. They are controlled by the company that can be transferred, assigned etc to another shareholder.