Rhys Davies has cut his stake in Mobile Streams to less than 3% following the recent share price rise.
He has sold at least 3.5m shares in the past week or so. The share price has risen 79% over the week and 148% over the past month.
The share price of the mobile content supplier rose to 2.9p after it was announced that Davies had bought 12.9% of Mobile Streams in September 2008. Even though he has probably sold the shares for less than the current market price, Davies should have made a good turn on his investment.
At 9.625p a share, Mobile Streams is valued at £3.49m.
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