Originally posted by Red bar
Good evening
NOTHING WAS STATED ABOUT INSIDER TRADING OMG!
I was replying to an unsubstantiated comment that another poster stated (I think it was SPP1992) yesterday. " BL has no skin in the game anymore" and what he actually does with his money, supposably LOL.. A few posters stating comments as if they are fact latly! I was sticking up for BL.. I rarely bother reporting posts because 1. I'm not that type of person (never once even used the ignore button) and 2. I think if they want to say stupid things to Publicly make them look like a Wally that's fine with me because the people who actually do the research know the facts..
I think it's important to repost a modified version without the comments I believe I was moderated for to avoid speculation. If I am still out of line I apologise in advance
@moderator but all of this information can be sorted by doing what I did - calling the phone number directly located at the bottom of every announcement and asking BL some questions. Also these comments can be verified from any of the other posters here on HotCopper who were present at the Sydney TechKnow investment conference, infact I'm very confident other posters who attended TechKnow already started that BL was keen to rebuy again on here on few occasions. Every investor has the right to go to these events or to phone especially when they are investing their hard-earned and the emails and phone numbers are publicly provided at the bottom of every RAP announcement..
By the way the content that was removed had no defamatory context whatsoever it was nothing but positives.
Modified version of my post below:
BL was a non-executive director of ResApp health, his Holdings and movement of those Holdings were always under the microscope because of his directorship, thus he opted out of this role to revert back to his original role - vice president, corporate affairs. Obviously you can still track his movements in the top 20.
He informed me at the TechKnow investment conference that he was going to be a busy bee supporting the stock price again and since then he now has a good holding once again. It would be excellent to see Nathan B following suit! I believe at some point he will buy in on market.
With BL buying up it gives me higher confidence that the stock price will do well once again.. "
No insider buys a stock thinking that its price will go down — they do so to make money." Brian has been very successful on several occasions not just from ResApp doing this!
PS I found this article - its good read. It provides valuable information regarding insider buying:
https://www.investopedia.com/articles/02/121002.asp
All the best for the weekend all!
Cheers
Red bar
Thanks Red for your insight. Fact: BL sold 6.8 million shares at 30c for$ 2.1 m and many posters labelled him as "Brian the Dumper". Not me I thought it was brilliant. He then resigned of the board 28/12/17 so he could sell a further 30 million more shares and the only way we could find out is he dropped to top 20 shareholders in the 2018 annual report {October 2018}..Consequently when I realised he had no skin in the game I dumped my original holding for 24c. I still hold shares but they didn't cost me anything. I still am a believer. When BL does buy in he does not have to tell us and has to buy over 3 million shares to make the top 20.Why would he sell nearly 37 million shares and buy in again? If he does then mortgage the house. Please tell me when NB buys in but don't hold your breathe. What BL sold in Rap ,NB did the same with ALC.
Both now are very wealthy but are probably to young to retire.
