"It doesn't take Einstein to work out that the heavy buying of the buyback was beneficial to Mark Sumich, as it supported the share price at 14 cents prior to his large disposal"
Yac, that would still not explain the heavy selling in front of the 4th July
A little bird told me another story:
Heavy naked short selling in front of 4th July at prices above 14 cents
Buyers: Globe Metals Mining and some greenly investors trusting into the share buy back
Seller: a jolly good fellow
Short selling covering on 4th July at a price of 13.5 cents
Buyer: a jolly good fellow
Seller: I don't need to say
A handsome little gift - without any efforts - for jolly good fellows
Sponsor: Globe Metal's shareholders and greenly investors !
But of course I don't trust this little bird and its story. A real Gentlemen like MS wouldn't even think about such a deal...
P.S.
"I heard that mark s sold his shares to hs brother so that may explain why able to sell so many at 13.5"
what a nice jigsaw piece
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