Tezzer , he bought most of those at 2.1 that's almost around a 75% loss selling at 1.25. Why sell off to buy some more , be easier just add more on to you current parcel at these prices not to mention you would have more shares .[/QUOTE
Hhhmmmmmm, no announcement of any kind as to why our leader and back bone of our company decided to sell all(pretty much) of his shares at a loss, i am hearing he's done it before and will buy back in cheaper, I'm hearing he needs the money, I'm hearing he sold to help the company with a placement ect ect ect..
What a load of old twoddle..
Have you ever heard of a ceo this close to a major breakthrough for his own company to sell out, have you ever heard of a ceo who represents a unique side company that has embraced and given 20% to landowners sell out this close to a breakthrough, have you ever heard of a CEO who is on $500k a year sell out this close to a breakthrough because he needs the money, have you ever heard of a CEO hold a egm and talk positive about the project and days later sell out this close to a breakthrough, have you ever heard of a CEO and it goes on and on.....
The answer would be NO.........
Yes all of the above does happen but not when you are this close to a breakthrough and you have dilluted investors share holdings by the billions to keep this thing alive....You just don't hear of it....in my opinion it is disgraceful......
If he is trading ,well then that would be insider trading from where I sit, but I don't think that is it.....but he would know more than most...
Today was interesting, there was a huge turnover again and it went down to 8, I don't know if people watched all the bids but a couple of 5 million bids came in at the back end to prop this up, they are still there I believe, this would of helped stop the rot and a reversal took place and people started buying up 9 and 10, now I'm not an expert but this looked pretty suss to me and IMHO I think we are on for a good cr, this price has to be valid for five average days to gain the best possible outcome for the cr price
So the way I see it, RM will say he needed the money somewhere down the line and sold out, then in the next couple of weeks I believe a mighty cr will come at a 20% discount and attaching options (free) will be given to a chosen few, in the mean time us mug investors don't have a clue what's going on and are scared into selling because they think RM is bailing
I think if this occurs there should be serious reprocushions for our CEO and if he is involved with the cr it will be dam right disgraceful act towards his fellow true investors, but we will never find out, hong Kong can be a useful place at times, can't it?
So no one will know........but I have my own opinion if we see a cr soon....
Matt
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