E25 4.76% 20.0¢ element 25 limited

A massive pump and dump for a profit to one director...

  1. SBC
    1,006 Posts.
    A massive pump and dump for a profit to one director of...$5k.

    Yes, he cleaned up on that one...lol (he can buy a playstation 3 for his kids and a few games to go with it).

    Interestingly, the directors all made on mkt. share purchases during November and December when the sp was sub $0.20 (cheap by any means), albeit small ones.

    O’Meara had a buy order for 50k shares sitting in the mkt. @$0.17, which got taken out a couple of weeks ago and which he has now flicked on for a $5k profit.

    As in the consulting business one of the first things you test is materiality and this fails that test conclusively.

    Cheers
    SBC
 
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