Big M Entertainment Corp
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Company profile

Big M Entertainment Corp, formerly HQ Global Education Inc., is a media company, which provides film and television production services. The Company’s products and services include film and television, producing, financing and optioning. It offers services and assistance to writers, producers, directors, editors and technicians to provide complete services and assistance at every phase of film and TV content creation, including concept development, writing, editing, cinematography, visual effects and post-production. It works on films of various budgets and sizes. It is also focused on online content and micro-budget film creation. Its projects are being created specifically for concurrent or integrated release both in theaters and for home viewing or on personal devices.

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Elon Musk sells another $1 billion of Tesla stock; nearly $10 billion sold this month

7:13 am ET November 24, 2021 (MarketWatch)

By Mike Murphy

Elon Musk continued to sell his Tesla Inc. shares Tuesday, selling another 934,000 shares for about $1.05 billion.

According to filings with the Securities and ExchangeCommission, Musk made the sales after exercising options to buy 2.15 million shares.

In all, Musk has sold about 9.2 million shares worth about $9.85 billion since Nov. 8, a day after Musk's Twitter poll decided he should sell 10% of his Tesla stake. Some of the stock sales had been put into motion well before the poll was posted.

Assuming Musk intends to sell 10% of his shares, he's more than halfway there. Before the sales began, his 10% stake amounted to about 17 million shares -- so after Tuesday's sales, he has about 7.9 million shares to go.

The Wall Street Journal reported Tuesday that Musk faced a $3.5 billion tax bill on his options, which would have been bigger is Tesla stock hadn't plunged after he tweeted his plans to sell -- saving him about $480 million, according to WSJ calculations.

Barron's on Tuesday estimated that at his current pace, Musk's selloff will be done in another four weeks.

Tesla stock (TSLA) has dropped about 9% since his Twitter poll Nov. 8. Still, the electric-vehicle maker's shares are up 57% year to date, and up about 100% over the past 12 months.

-Mike Murphy


(END) Dow Jones Newswires

November 24, 2021 07:13 ET (12:13 GMT)

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