RE:Why are these shares being sold on the open market? an institutional buyer... for peters private playpen
that's so cute.......
navajojoe wrote: "The Common Shares to be sold under the Proposed Disposition would be sold for the purposes of allowing for Mr. Pascali to make tax payments and reducing debt. The ASDP will allow for an orderly disposition of a small portion of the Common Shares held or controlled by Mr. Pascali at prevailing market prices during the period from April 18, 2022 to May 6, 2022."
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One would think they could have found an institutional buyer for these shares, so why dump them on the open market and depress the share price? And is the latest news release helping prop up the share price while he is selling? IMO there should have been a news blackout.