I can understand the "JK take one for the team" thread post
However let's pause and think about the going ons in relation to the perf shares rationally
Let's put to one side the way in which the perf shares were achieved, it's been done to death and truth will come out one way or another
But here's the thing, IF it was done in an untoward manner to achieve the goal of collecting 336m perf shares, wouldn't you then try collect on them ASAP if your goal is to manipulate, cheat, get away with it, and in the end, make a tidy sum?
Some notes
Perf shares were allocated 6 Sept 2018
None of them, not one share, sold until Feb 2019 some 5 months later
When sold in Feb by Red5, they didn't sell 200m or 150mill or 100m or 50m as they could have, nope just 17.5m
I think they have something like 200m, so sold less than 10% 5 months after receiving them
Not only that, they were a S3XT - so transferred between brokers (it was a deal made) which then doesn't hit the SP or all dumped on market
Next, 3-4 rather large anns came "after" the sale, in fact just a couple of days later the Baltic bank anns was made
The SP at sale was 20c, 8 days later it was 22.5c, 15 days later it was 26c,with 30 more days it was in the 30s
So one could suggest they were on the bad end of that sale in hindsight, albeit yes free shares
I believe 500,000 other perf shares have since sold by an outgoing COO (not confirmed)
So let's digest, these guys we're setting up to scam the masses with end goal one would think to offload the perf shares to make the squillions in $$, yet in 21 months since being allocated the perf shares just 18m of a possible 336m have been sold or roughly 5% of the big payday
As importantly, Red5 didn't sell them at $1.50 each, or $1.00 or even 50c, just 20c, and one could assume having your bro as CEO would help you plan the best sale point, but they didn't, in fact you could say it was a very untimely sale
So one can go on about they way in which the perf shares targets were met, but if the end game was to profit from it (why wouldn't it be?) then why in 21 months (less the suspension period) have so little been sold for the end game profit?
Do the crime but don't collect with the big payday?
The ones you do sell are 1/5 the current SP
Makes little sense to me
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