WFL 0.00% 0.3¢ wellfully limited

dir selling, page-6

  1. 1,734 Posts.
    re: **eccoi** dir selling You're wrong eccoi. I know these guys as do others on this site (Lady Penelope, Sandy Beaches and ds too if I recall correctly(?). Hugh Warner and the Steinepreis brothers spend millions of dollars cleaning up shells that have gone into v.a. and then back new businesses into them. They usually have at least 1/2 dozen going at one time. They can't leave all their money in or cashflow and lifestyle would dry up. The DEAL for these guys is NOT the new business doing well - it's getting the new business into the shell and new shares on the market. So they sell their shares, usually all of them and usually just after re-listing. OBJ is different for these guys though. They've stayed on as directors and they still hold a large number of shares. Usually I'd agree that directors selling is a bad sign but you need to do more research on this eccoi or you're gonna miss out on a sweet sweet deal fella!
 
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