Correction:
I wrote previously that Mr.A.Ailakis lodged a plaint at Dept.of Mines as a director of Broadlake Resources.
Mr.Ailakis lodged an application f.exemption of expenditure on Red Rock w.the Dept.of Mines.
My mistake - I mixed up my notes concerning this.
It do not change the reason f.mentioning this! Either he was a director w.no disclosure to the market or
he signed a false statutory declaration on this day. Both serious offences !!
On another matter:
It looks like our board are buying heavily into RDS.
T.Van Heemst have bought ~ 2.4 mill.shares since june 2014
R.Homsany have bought 250,000. shares and now Mr.Hodgins w. 230,000 shares bought.
Mr.Wolf bought 2 mill.shares in february 2014.
These figures only covers the time till 08/10/2014.
It sure looks like the board supporting the brothers by buying shares offered to the market.
I estimate the Ailakis brothers to have sold more than 6 mill.shares since last years report.
This is a nice result coming from 2 bankrupts - $ 300,000 at least.
Do the board know something we don't or is it a desperate attempt to keep the price at $ 0.04 before a cap.raising. But again,who would support a cap.raising in todays market,with the knowledge we now have
of the workings behind the scenes in RDS.
RDS capital will be close to being exhausted by the end of this month.
Interesting to see quarterly report end of this month.
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