He's retired, so needs to fund that, but odd he would sell almost 15 million shares, for another ~3.8 million to do it..
Almost half, sold at an average price of 26 cents, is a poor return, for the years he has put in, considering the other ~15 million were sold at an average of 72.5 cents in 2022..
Not sure what he did with almost 11 million dollars in 2 and a bit years, to necessitate the recent sales..
Maybe he made some bad investments or the Lifestyle he acquired, is more expensive than he thought?
I suppose none of us will ever know what Anil's actual circumstances are and I'm pretty sure it's not our place to pry or judge.
For all we know he might have health issues and this may have created a necessity.
Suffice to say, I hope Anil is in good health. I don't believe it changes the fundamentals of the company. Today's news about Onsor and their new technology, NEXA, took me buy surprise. And the more I think about it, the more impressed I am. This news / achievement is bigger than most of us recognise at this point in time, I believe.
The technology is capable of predicting an epileptic seizure and hour before it happens! We have yet to delve into how it can do this and what the possibilities are for this kind of technology totally transform so many other areas of healthcare.
I wonder how many more companies are out there doing innovative stuff like this, with a view to announcing it, only for it to take us all by complete surprise, like it did this morning!