SINGAPORE (March 11): ISR Capital shares are up today on heavy volume, despite news that largest shareholder David Rigoll has continued to dump his shares, flouting an agreement with the company.
As of 1.11 pm, ISR shares are up 22.73% to trade at 2.7 cents. Rigoll sold an additional 18 million shares on March 7 at an average price of 4.48 cents, following first sale of nearly 21.3 million shares at 4.7 cents each the day earlier. He bought his stake in the company at 0.5 cent.
With the sale on Tuesday, he still holds nearly 389.9 million shares, or 24.93% of the company.
