Cascade Puts Final Pieces in the RHG Puzzle

There was one thing I had never been able to piece together after the RHG saga. Was why director Greg Jones selling his shares just three weeks prior to the company announcing a buyback at an almost 30% premium share price at the time? On 6 September 2010 he announced the sale of 500,000 RHG shares at about $0.665 each. On 17 September 2010 he announced the sale of a further 500,000 shares at $0.70 each. At the 2010 AGM, three weeks later, the company announced they would buy back everyone’s shares at $0.88 each and the share price...

There was one thing I had never been able to piece together after the RHG saga. Was why director Greg Jones selling his shares just three weeks prior to the company announcing a buyback at an almost 30% premium share price at the time?

On 6 September 2010 he announced the sale of 500,000 RHG shares at about $0.665 each. On 17 September 2010 he announced the sale of a further 500,000 shares at $0.70 each.

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