SML - Synlait Milk Ltd

[Bikeguy]

And most shareholders would have concluded it's not worth selling anymore and take the long odds of the sp doubling from here when the magic fairy dust comes out. Anyone preserving their capital would be well and truly gone.

Double down, the Blues and Synlait. TAB should be all over this combo.

I think your on the money, it’s not worth selling now, may as well let it ride…best of luck to all.

[Valuegrowth]

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.

[billkiapi]

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.

[Balance]

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.

[Rawz]

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.

Once worth $60m. Guttered....

[Bikeguy]

[QUOTE=Rawz;1057553]Once worth $60m. Guttered....[/QUOTE

Yes, that “shoulda, woulda, coulda moment would way heavy on anyone for sure…

[billkiapi]

I think that was for the ex wife?

[Rawz]

I think that was for the ex wife?

oh dear it just gets worse and worse

[Bikeguy]

I think that was for the ex wife?

So effectively hasn’t banked anything from these shares?? Feck

[Balance]

I think that was for the ex wife?

Freaking heck! Life can be such a bitch sometimes!