He can't sell the same shares twice so not possible.
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Sure was, market shrugged off Rod's sales of a paltry 3m shares for a take home pay of $95m (minus fees). That leaves him remaining as the largest shareholder with 12.8 per cent and 17.7 million shares, a tidy $584,277,000 at today's closing price.
:eek2: that's a lot of moola, with previous sell downs, it's about $70 million per annum average for each of the ten years he's built up the company (not inc salary and benefits).
good for the traders, 4 - 5 dollar swings
charting speak - xro topped out around 34, lower high which in t/a can be considered a bearish sign esp if it falls under the previous low point - im not in but watching for now , i always find it fascinating to watch these t/a patterns to see if they pan out.
http://www.nzherald.co.nz/business/n...ectid=11950455
milford asset management trying to put xero leaving to aus.
Happy to see a nz fund manager actually trying to look after there unit holders too many of them do nothing.
totally agree that the nzx over stepped there rules. what sort of message is the nzx saying? go figure shoot them selves in the foot no wonder nzx share price in the doldrums too collapsed after there dumb decision.
Interesting also, though, to see Brian Gaynor's article, especially re the the amount of of amount of off-market trading on NZX and its affect on the market price.
http://www.nzherald.co.nz/business/n...ectid=11945219