Kogan (KGN) – Insiders selling stock – again!
Stock
Kogan.com(KGN) $7.31 as at 13/6/2018Event
Whacked today on (funnily enough) news that both Ruslan Kogan and David Shafer – the founders of the company have sold 6m shares a $7.00 a pop totalling $42m. We talked about this topic last week saying that clearly, these guys are in sell mode but what has a bigger smell about it is the announcement yesterday the company was going into the whitegoods segment. A positive announcement with ‘more financial detail to come’ just before the founders try to offload stock – about 10m shares if reports are correct – their biggest line yet. Read last week’s missive here Today the statement said they had an unsolicited bid and they were disappointed to sell at such a low price…An unsolicited bid post last weeks solicitation that failed to yield any result. The go onto say… Mr Kogan and Mr Shafer remain fully committed to the business and continue to have the vast majority of their personal wealth invested in Kogan.com. Kogan.com (KGN) Chart
