You guys are right. 01/11/13 SeaDragon went under the 5%.
How embarrassing!
Printable View
You guys are right. 01/11/13 SeaDragon went under the 5%.
How embarrassing!
Well, the ducks are being fed - plenty more Snakks to come.
Just queue up.
From their last announcement, I read this ...
Derek remains a significant investor and is committed to the success of the
company, providing significant strategic governance as well as hands-on input
in his role as Chair, an investor and Co-Founder.
Surely with over 40m shares, Mr H has plenty to "share" around (& is entitled to).
Balance, would you prefer Mr H to hold on tightly to his shares in the manner Rod & Co are doing with the amount of Xero shares they hold compared to what is on issue? Certainly creates bigger competition amongst the ducks trying get some of those shares ... helping to drive up the SP in the process.
Shares Precentage date China Scot limited 11,293,540 4.43% 27-May-13 Derek Handley SeaDragon Limited 8,500,000 3.23% 1-Nov-13 Far East Associated Traders Limited 41,132,634 15.65% 13-Jan-14 Derek Handley Snakk Trustee Limited 12,579,790 4.78% 25-Sep-13 HPF Investments Limited 15,915,131 6.06% 29-Nov-13 Geoffrey John ROSS NZ Geoffrey John Handley UK total 34.15%
check the announcements, and do the math and find the sellers still remaining.
One more interesting stuff, is GEOFFERY JOHN HANDLEY (DEREK BROTHER) AND GEOFFERY JOHN ROSS the same person?
one has slick back long hair, the other has no hair:
Attachment 5377
Attachment 5378
Someone answered the question re Rod's selling down of some of his Xero's shares recently very well.
He built up the credibility and market positioning of the company first and then, sold some of his shares in conjunction with raising new capital from strategic new shareholders/investors.
And he sold into an ever rising share price.
Why is Derek and the other shareholders not doing that?
It appears you have missed my point - or maybe I'm missing yours?
I was simply trying to point out that Mr Handley had tried to make it plain that he retained a significant holding in Snakk but, more importantly, he was still going to be very closely involved in the governance etc etc of Snakk. Just because he sold some of his holding doesn't mean he is jumping off a sinking ship (or however you want to phrase it). He obviously wants to use his funds in other areas - which clearly isn't a crime either. In fact, I admire him for using his own dosh to fund other things he might be involved in - which is contrary to what a lot of others may do (a certain Mr Ross comes immediately to mind). If Mr Handley had sold all his shares and simply walked away - then I would probably join your chorus.
I don't remember seeing your same tirade against the Masfen's when they sold down 25%+ of their holding in PEB. As I have read plenty of times, people sell their shares for lots of differing reasons... but it doesn't mean to say there is something sinister going on.
Sorry Balance, I have monotonously noted your views about the back door listing etc but I am still not getting the relevance of your other comments as they compare with the published material about Mr Handley and Snakk etc. But, I can be forgiven because I don't hold guru status.
He sold some China scot holdings,
Date this disclosure made: 27 May 2013
Date last disclosure made: 6 March 2013
Substantial security holder(s) giving disclosure
Name(s): China Scot Limited
Contact details: Mr Geoffrey John Handley
Tel: 0019172040873
Email:geoffreyhandley@hotmail.com
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary shares in SNK
Summary for: China Scot Limited
For this disclosure,—
(a) total number held in class: 11,293,540
(b) total in class: 254,829,029
(c) total percentage held in class: 4.43% For last disclosure,—
(a) total number held in class: 11,293,540
(b) total in class: 206,630,124
(c) total percentage held in class: 5.47%
guess the cash out is use for cost of back door listing, personal spending or even a property purchase.