Bizzo, I dont think Athan Lekkas really cares about the present pull back. If you read the announcement and company info, you will notice he got 23m share for $23,000 another 20m odd shares at average of about half a cent. The rest he has bought on market to give the appearance of confidence in where EIO is going. if you do the maths, his average price is just over half a cent. Also remember cheap stock was issued to other associates who own broking companies. These guys have the added encourage to support the share. All will be good in the future
I wander if anyone can help me out, but I did some internet searches of Athan Lekkas to see what other shares he has worked on. Given his name is not that common, is he the same Athan Lekkas that worked for Advansa (hardware products)?
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