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17.5¢ alliance resources limited

I'd be happier if he wasn't steadily increasing his stake in the...

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MrAu

4,102 Posts.

1338

11/05/20

10:48

Post #: 44545881
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Originally posted by Ralph2103: ↑

All depends on ones point of view.

Some people complain when directors of their companies don't have skin in the game, don't buy shares on market, issue themselves free shares/options.

On the other hand, here you have a chairman who has already invested significant amounts of his own money, has being buying shares off market, has committed to dipping into his pockets again for another $1.46 million to get Weednanna into production, has previous offered shareholders 14cps to buy their shares etc. Some might see that as a negative, however I'm not one of them.

Unless you're a day trader who bought in on the pump, you will likely be forced to sell, however, I'm happy to hold onto my initial pilot parcel (14.5c) and see how things progress.

...After this CR what % of the company will he hold? (see below)

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I'd be happier if he wasn't steadily increasing his stake in the company. He is obviously aiming for 90 percent
that will give him 100 percent after paying us how much? 1 cps ? Legal and likely imo

AGS Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
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