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15:04
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Originally posted by Megagene79
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As i have posted in the past 1 need only look at the personal and related entities holding of Jerko Zuvela to see where his faith and focus is and that is AGY. According to the latest annual report and top 20 Zerko holds 14 mill shares plus the top 20 shows related parties hold 42 million shares. On top of this Zerko has 42.5 mill shares owed to him in convertible note that is owed to him for putting in $$ when he took the role at AGY and backed himself to turn this company around while it was on its knees. On the other side of the fence he holds a big fat ZERO DAF shares. Also DAF sold off 100 million shares in AGY last year at .002 and were happy with it and now they are happy to cash in now in the 3>4c range and run with the cash to focus on their own projects. By the looks of it Jerko is focused on AGY and the day to day running where as his role in DAF and belief is minimal. Seen it on many companies where directors have dual roles but their focus is on 1 while the other companies main directors make the calls there and with AGY significantly rising they had a chance to cash in rather then try and tap the market for funds while possibly they had no interest out there with little project activity so AGY have done them a favour giving them the opportunity to fatten the cash kitty.
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Agreed 100% concur.
(20min delay)