I think your on the money, it’s not worth selling now, may as well let it ride…best of luck to all.
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It's not too low to sell and not too high to buy stocks entirely depend on the fudementals, value and growth. In the past I couldn't sell it's not too low to sell type stocks.
I think he'll be sued by someone anyway- so selling is either impossible because he borrowed against the shares or it's such a red flag that lawyers have said no way.
John Penno imo would not have resigned unless he has received some assurances about what is going to happen with Synlait - his 5.1m remaining shares were at one time worth $60m. He did however sell over 1m shares back in 2018 for $10.80 per share so he probably does not feel all that aggrieved.
Guess he had faith in the company not to have sold more at the time but that's life.
[QUOTE=Rawz;1057553]Once worth $60m. Guttered....[/QUOTE
Yes, that “shoulda, woulda, coulda moment would way heavy on anyone for sure…
I think that was for the ex wife?