But they still hold them.. they haven't bailed since the bulk sample commenced.. 6 weeks ago now.
Don't put words in my mouth. I'm not happy with much at all, regarding CLZ, but you have to think rationally and logically about some things. Do I think they could be sneaky, sure, but fraud is a whole other level (much more significant). As I said, directors aren't afforded the same statutory protections if actions are deemed fraudulent, which lying about something as significant and the Gekko, would be. They open themselves up for personal legal action if their actions are deemed fraudulent, and have I not already mentioned they have some big players in the top 20 shareholders? I get that's why a lot of company directors (in general) have trusts and indirect holdings, but I don't believe they want to navigate that slippery slope for seemingly zero gain. What do they have to gain by lying about the Gekko? Hope the SP might crack 0.002 WITHOUT any news?
I'm more of the belief they think waiting until they have excellent news is better than consistent updates. I don't agree with that way of thinking, but I'm not a director of CLZ.
At least what you see is what you get now, with SP (no hidden centre-point orders and no auction manipulation). We churned through 200m shares at offer, after the initial drop this morning. People very much are still interested in buying this at 0.001, and I think you might find that there will be a bit of insider buying.
Like I said, I can see them being sneaky. Like see market weakness, sit on news until it drops and then accumulate through other entities, or even directly. I can't see that volume being just retail buyers snapping them up, at the rate the buys were going this afternoon (well after all stagnant buy orders were cleared).
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