Saturday, August 14, 2021 12:15:17 PM
I am definitely sympathetic to your point. But we have no idea about his situation. There are a number of different reasons why he would sell but all we can do is speculate. Maybe his wife wants to build a big house and he wants a yacht. Maybe he has accrued debts over the last few years that have come due. We do know that he still owns the the majority of his shares whereas CytoCrime management have sold every share possible. Chappell paid pennies for his shares so he probably doesn't believe he needs to maximize every cent. Only a degenerate gambler would feel that they couldn't sell any shares when they already have more than a 100-bagger.
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