ATM - A2 Milk Corporation Limited

[sb9]

Looks like A2 train has departed the $20 station for now, might revisit in the short term but in clear uptrend for longer term.

[see weed]

Just scored some 40 min ago for $14.40.

From 4/2/20. Just sold that block of 1100 shares for $20.14c That was one of my 16 blocks of ATM bought between 3/1/20 and 18/2/20. lowest paid 14.40 to highest 16.91 on 18/2/20. Thank you bull, for your support.

[see weed]

Where have all the shorters gone, long time passing Where have all the shorters gone, long time ago Where have all the shorters gone, young traders have picked them everyone Oh, when will they ever learn? Oh, when will they ever learn?....... ps Am looking forward to the return of the shorters

[sb9]

Chair Mr Hearn pocketed a nice pay cheque of more than $37 ml from his share sale over last week. And bit of explanatory notes for his sale of shares...

https://www.nzx.com/announcements/352264

As Mr Hearn is a UK tax resident, significant tax liabilities arise on the exercise of Options (rather than on vesting of the Options or sale of the Ordinary Shares). Under the terms of the Options Mr Hearn is liable not only for his personal tax charges but also for the associated tax liabilities that arise for the company. As a result, Mr Hearn’s total tax liability is well in excess of 50%. Those tax liabilities are required to be remitted to HM Revenue & Customs within a short period of time following the exercise of the Options.
The on-market sale of shares detailed in the attached disclosure notices was necessary for Mr Hearn to be able to meet those tax liabilities together with the associated transaction costs.

Mr Hearn continues to hold 1,305,000 ordinary shares in the Company.
Mr Hearn has indicated to the Company that were it not for the specific terms of the Options and the UK tax compliance issues, he would not have exercised these Options nor sold any shares at this time.

[k14]

Mr Hearn continues to hold 1,305,000 ordinary shares in the Company.
Mr Hearn has indicated to the Company that were it not for the specific terms of the Options and the UK tax compliance issues, he would not have exercised these Options nor sold any shares at this time.

Well if that was the case, why did he sell an additional ~$18m worth of shares over and above his tax liability?

[davflaws]

Well if that was the case, why did he sell an additional ~$18m worth of shares over and above his tax liability?

As a complete novice in tax matters, I wonder if it has something to do with the fact that 18 is roughly half of 37.

Or is that like injecting bleach?

[peat]

Something about ATM and tax liabilities

[Cadalac123]

Surely people realise he sold it to get some cash under the bed. How naive do you have to be. 63c -->$20 yeah sure m8 tAx ObLIGatiOns

[dompf]

Surely people realise he sold it to get some cash under the bed. How naive do you have to be. 63c -->$20 yeah sure m8 tAx ObLIGatiOns

He might be planning to build a deck. A big deck

[sb9]

Well if that was the case, why did he sell an additional ~$18m worth of shares over and above his tax liability?

Unfortunately, I'm not privy to his personal financial situation and I wouldn't begrudge him for selling his shares at ripe age of 64 or so....we all do the same only difference being scale of quantity, that's it.