Originally Posted by
B772
Scurrah Nominees and Scurrah Superannuation purchased a total of 942,600 ordinary VAH shares on 3/4/5/6 March. It appears the shares changed hands at close to an average of 10c each. Since the purchase the share price has dropped a further 25% meaning a financial haircut has been endured by Scurrah. 20,000,000 shares have changed hands over 3 days since the market closed last Thursday. The average daily turnover the past year have been 734,000 shares per day. This suggest the stock is being dumped.
I do hope he is doing the trading in his own time and not during work hours, such as when the stock exchange opens first thing in the morning? His time and energies should be spent managing the airline Monday to Friday and not doing personal business activities. That would be irresponsible. But then again, the Village is a somewhat special place for those who inhabit the bubble.
VAH shares down another 6.25% today and currently listed at $0.075.