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>Couldn't have been bought on the marketYes, something odd...

  1. hoytaedwardo
    199 Posts.
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    07/05/21
    20:11
    Post #: 53028630
    >Couldn't have been bought on the market

    Yes, something odd here.

    9% of the company, well over 200m shares. They could not have been accruing that amount over time (they would have had to announce when they got to 5%), which implies a major purchase. Which in turn implies a major sale. There is only one shareholder with anything like that number of shares to sell: Strategic Capital Management.

    SCM is James Tsiolis's holding company. Has the CEO dumped his NET holding?
    NET Price at posting: 3.1¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch. 3  Great analysis
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