Ex-CEO John Macaluso Sold 8.5 Million Shares In Wizard World In December #WIZD


John Macaluso used to be CEO of Wizard World Entertainment but resigned back in April. He would be replaced by John Maatta, and has recently been referred to in the legal battle between Stephen Shamus and Wizard World as party to the disputed contract between Shamus and Wizard that seems to be at the heart of that case. You can read up on that here.

That all started to come out at the beginning of December 2016. Well, Macaluso may have seen the direction of traffic.

John Macaluso dumped all of his stock in mid-December for $0.137 a share, netting him around $1.2 million.
That may have been a mistake however as they are currently trading at $0.22 a share,  more like $1.9 million, if he had waited a couple of weeks…

About Rich Johnston

Chief writer and founder of Bleeding Cool. Father of two. Comic book clairvoyant. Political cartoonist.

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