McGarry purchased about 50 mil shares on market recently for...

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Fitzy888

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30/08/22

18:00

Post #: 63415405
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Originally posted by Bruce_Pebble: ↑

Hi All,

I have a question for all the loyal Bacon Lovers.... Work with me here while I hypothesize this next chapter

I've pondered this on many deep levels, lonely nights eating my black and gold cookies & cream while watching episodes of Friends! One would think that with such a large investment from our board as major shareholders, it would be in the best interest to promote BCN and therefore potentially raise the share price in promoting to a larger market. There is certainly no available volume to sell any shares for these big players, particularly at 2.5c!

This has made me wonder.... If Mr McGarry and Co are quite happy just plodding along with their pickaxe's and breakfast shows, paying out interim dividends every 6 months for the next 10yrs? With the amount of shares owned by the top dogs, I would Guesstimate McGarry would be cashing in close to a cool $1 Million each year...... Not a bad return

With that in mind, if E = MC² .... It does make me wonder if there is a priority to promote the company, or just sit back and cash cheques until the gold runs out or a bigger fish comes for a buyout.... With divi's like that, they've made their $$$ back and PLENTY of icing on top!

Perhaps I've had too much dairy I'm certainly happy for smarter minds and clearer crystal balls to educate me........ But it does make you wonder if the prime Baconaires want this to grow the way the loyal followers do, of it this is a means to an end!

Note - I still Love McGazza and Co!

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McGarry purchased about 50 mil shares on market recently for about $1,500,000. Not sure he would be doing that if your scenario was going to play out. Just Saying....

BCN Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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