Selling Major Shareholder’s Stock (1) – Part 1

Gun-Ho fixed his eyes on Mr. Adam Castler as he said, "We will have to lower the stock price. It's way overheated."

"Lowering the stock price?"

"We sell our stock as a major shareholder in the stock market."

"Selling our stock? We will need approval from the head office."

"That's why I wanted to see you urgently today. Each partner had 50% of the company ownership in the beginning, but as the company became a public company, we had to do public offering and also gave some to our employees through the Employee Stock Ownership Program. Now, we each own 34.6% instead of 50%. The total number of stock issued so far is 26 million. Lymondell Dyeon owns 9 million of them, and GH Mobile owns the other 9 million."

"That's correct."

"I'm suggesting that each of us sells 5% of their shares in the stock market. I believe that will stop this crazy increase in our stock price. If selling 5% of the shares doesn't calm the stock price, then we will sell 10%."