LKE towards TOP-5, page-8148

jumped into this one on open, gambling a strong bounce back after yesterdays sell off.

as many have stated, the LKE SP was $1.33 at 1.00pm. Then at 1.01pm 10.2mil shares got dumped at $1.19. As we know from the Final Directors Interest Notice from a few days ago, the ex MD had 10.2mil shares.

So the ex MD was personally responsible for 16% of the total volume traded yesterday. It would seem his dumping of shares may have triggered stop losses and panic selling.

The ex MD was scheduled to speak at the Hidden Gems webinar next week. So the fact that he’s no longer at the company, and with the lack of a positive company resignation announcement, it seems obvious that he was forced out of the job. Why? We can only speculate… But we can perhaps assume that the ex MD and the rest of management didn’t meet eye to eye on something, thus his ousting.

But imagine being the ex MD: you took this company from nothing, struggled through the hard times, then finally when you reach the prosperous times you get ousted. Of course you are gonna be bitter and resentful. Of course you might have the attitude of “screw this company I want nothing to do with it anymore” and dump all your stock and walk away (let’s not forget: he made a tidy $12mil from the sale!)

In March when the CXO MD announced his resignation, the stock got sold down, there was lots of panic on the CXO forum etc guessing as to why he’s resigning..and then the SP fully recovered a day later.

im gambling that will also be the case here.

IMO

GLTAH