A trust linked to an Everpure director plans to sell 50,000 shares, following reductions totaling about 1.16 million shares since August. The sale is only planned, but the repeated selling is a negative sign.
The repeated selling is a negative sign about a director-linked holder's confidence. The sale is only planned, and it involves existing shares, not new shares issued by Everpure. It would not bring cash into the company.
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