RE:RE:RE:RE:RE:RE:RE:RE:Rocket Shipchurchofnutsacc wrote: It looks ike he sold about 3% of his shares which is insignificant in my view.
There was an early warning report issued yesterday June 10 that Oberndorf sold over 438k shares this past week. That was over 10% of his total share count so maybe he is looking to get right out.
Unless someone comes along to buy his remaining block then it could be awhile before he's out. He officially ceased to be an insider June 10 (I checked SEDI) so he doesn't have to report anymore since he owns less than 10% now so we won't know his selling but we should be able to tell by volumes in these coming days and, potentially, weeks.
If I remember when he came in initially, it was around this share price so maybe he's happy to get out at the same.