A fellow investor just brought this quite funny Change of Directors interest notice to my attention.
Director of Blackmores Limited $BKL Marcus Blackmore informed the market he had sold 150,000 shares off market at $47.00 per share.
That's a cool $7,050,000 before tax - What I found amusing was his honest reason for selling shares........
"I wish to advise that I have sold 150,000 Blackmores shares to reduce my level of personal debt and to fund the purchase of a new yacht. It is my intention to remain a significant shareholder in the company."
My mum always told me - "Honesty is the best policy"