RE:RE:Hamed Shahbazi Insider OwnershipThe buik of the CEO's wealth came from the TIO deal, where he made about $14mn give or take. That's very good, but not "stratospheric." That's one nice house in Vancouver or Toronto these days.
Decisions to sell are far more complicated than believing you can get a better price in the future. What if you needed the money today? What if there are personal issues at stake? What if things aren't playing out as expected? What if, what if, what if...you get the picture.
If someone came in with a pre-emptive offer at $6-9, the board would HAVE TO consider it (to exercise their fiduciary duty), and chances are, they would have to recommend it to shareholders.
speedy99 wrote:
i don't see why it would be the size of the share ownership which would dictate how motivated you are to sell. Whether you own only 50 shares or you own 50 million shares, you will hang on if you think you can sell for a better price sometime in the future and you will sell if you think you are at or near the ultimate value and share price. It is highly unlikely that Hamed believes the shares are fully valued at current share prices. Additionally, Hamed lives in a different world than most of us here, in terms of his wealth, accumulated from previous businesses. Considerations of overconcentration of his wealth and a need for diversification are not as pressing when you have the stratespheric wealth he has.