Originally Posted by
Snoopy
I didn't say $69,000 was the whole margin call. Maybe the margin call was $569,000? I admit I could be way off track here. But why would Byrnes sell $69,000 worth of shares if he didn't have to? I mean building a deck in Auckland with the current shortage of builders? Byrnes would have had to book a couple of years ahead to get builders to come. Plenty of time to save with that time lag.
Maybe after being 'rattled' at the AGM, and seeing the latest Mainzeal /Shipley fallout in the news, Byrnes decided he needed some of his own director liability insurance cover in a hurry?
SNOOPY