BGT 17.8% 5.3¢ bio-gene technology ltd

Completely Agree Jailwarden. It represents a fraction of their...

  1. 1,438 Posts.
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    Completely Agree Jailwarden. It represents a fraction of their overall holdings and they will be holding more shares in less than 12 months time under the LSP.

    So many investors can't seem to grasp the basic concept of an LSP which aligns the interests of shareholders and management. It was all agreed to by shareholders at the last AGM and is a far more effective way of preserving capital as @Lefevre pointed out.

    https://www.asx.com.au/asxpdf/20191126/pdf/44bz6sh4p0jkn7.pdf

    If there was any 'insider' information as a poster here is alluding to, they would have sold a substantial amount and also risk gaol time.

    New money often accompanies no clue traders and mid-term holders who sell out on any weakness, the bleeding nose holders are almost out of this stock.

    Volume on the week of the Malaria announcement totalled 19M. Since then the stock has churned through 12-13M with new money getting set for what is set to be a substantial year.
    Last edited by RNClarke: 14/01/20
 
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