Andrew Cornejo who is one of the founders of the Hazer process and current CTO as stated has never sold a share, this shows a little something about his perception of where this company is going. Likewise Geoff Pocock our MD has never sold a share. These two have recently increased their already substantial holdings to 7.6 and 8.2% respectively.
Sure they were mad not to with the share price well above the 25c strike for the Series A options but keep in mind the largest risk to our blue sky potential is that we get taken over prior to reaching a fraction of our potential. The combined holdings of these two gents is now near 16% which is sufficient to form a blocking stake should the vultures start circling.
Keep in mind MIN if they convert their options will hold just shy of 20% of HZR, the board would have rocks in their heads if they did not ensure that we are protected from a low ball takeover just as Hazer begin to shine. Without this what stands in the way of a MIN TO the moment they scale the process?
HZR Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
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