The co-founder and guy involved with the day-to-day running of the business selling 75% of his holding pretty much straight after they come out of escrow doesn't raise a red flag? If he saw this thing taking off in the next year or two, he'd be in the best position to know about it.. I suspect the Riley's sought out the cashed up Hong Kong investor and suckered them in with really enticing growth figures - perhaps a rehash of the capital raise presentation from last year with huge $ figures. Things just don't add up here. Why would the investor pay a huge premium when they could easily have swept up those shares for 30%+ less on market. I'm not downramping here. Just being honest on my take of this.
1PG Price at posting:
18.5¢ Sentiment: Hold Disclosure: Not Held
