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.
do you think RD knew what the fallout from NZX delisting and pending asx move when he sold last big packet of shares recently ?
Check out what happened the last couple of times he sold. You could argue he doesn't 'need' the money and this and the last payout were serious dough, so fair to say he has impeccable timing, perhaps the best short/medium term indicator of SP direction.
Anyone know what his shares cost him? They are/were worth over $600 million last i looked.
That's dumb question, they cost him nothing except his seed money and tireless efforts as CEO and founder which have been recompensed somewhat by his salary. Rod is the founder of the company, founders don't have to buy their shares. And his remaining holdings are not worth over $600m at current SP, but they are worth a great deal.
Founders don't have to buy their shares. That's a new one.
Usually they have put money in before they go to the public to pay for the growth. They would keep a % of the company to reflect the time and the money they have already invested. So they have paid for their shares.
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