While considering the reports/interviews that AM issued/gave regarding Lindermans Bore also consider that at the time he was selling into the frenzy that he was fueling.
He was such a good investor that he managed to sell a substantial part of his holdings at close to the peak only to have the share price drop back when the results were found to be crap.
Any argument that he used the sold funds to exercise options is crap to (claimed by some that he didn't benefit and it was all for PRW's benefit). While he did exercise a lot of options he also pocketed a fair bit and increased his ownership/decreased his average cost - and who paid for this - it must have been the punters buying into his hype.
Do I sound a little bitter, well yes as I sold after the Lindermans results turned out to be crap at 6 cents (with a significant capital loss)- whereas AM had sold some days prior for I recall 13-14c??
Newbie Thomas
vic +25%, page-14
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