Of course he knows what he is doing.
Bulk 21 mill at .084 bid at .092 = 10% ( yeah only a couple of hundred grand and take off a bit if he has paid for neilson numbers as his backup plan) gain in a few weeks assuming they have cash. I bet he is dreading getting paid in other stock if too many people accept.
Next if he doesn't sell into offer he has greater than 10% blocking stake and can greenmail em. Comeon' Geoff put yourself up as a director now and put a cat among the pigeons!!!! Simply he has options especially if sales are holding up whichever way it goes.
Be very interesting if he puts in a letter of support for current management and if he accepts partially to lock part in.
Question you should be asking is - who sold 21 mill
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