Co-Founder Fred Krueger Sells Over 10% Of His Shares of Minds + Machines

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Minds + Machines announced today that Fred Krueger informed the company that he sold 14,000,000 shares on May 28, 2015.

Based on his last disclosed interest, Fred Krueger now owns 114,481,604 ordinary shares representing approximately 13.7% of the issued shares capital of the Company.

On May 26th Mr. Krueger announced he was leaving the company as executive chairman and would be succeeded by Keith Teare at which time he owned 128,481,604 shares representing over 15% of the company.

Shares of Minds + Machines closed at 8.45p this week in trading.

Minds + Machines were trading over 10.50P on Tuesday prior to Fred Krueger announcement.

The company now has a market cap of £69.80m.

 

 

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

Comments

  2. Dave says

    Why sell now? gtlds are the new .com that is what M&M said before… there is so much upside for a measly 8p, why not wait until this hits $1 at least, I guess the call on this is diversification, or the fact they are running out of contentions to prop the numbers with as the business is lacking.