from the annual report it appears that JJ Holdings has sold down...

from the annual report it appears that JJ Holdings has sold down around 3 million shares which I believe started on the day of the AGM last year, when they sold 1 million shares at around 78 cents. This is probably the shareholder swanny is referring to?? However Davis Nominees have picked up around 2.5 million shares since last annual report. However it is unsettling that a major shareholder appears to be selling out at a time when Mikoh has never looked so good!! Directors are trying to build confidence yet a major shareholder appears to be destroying it?? wtf??
Doesn't appear to be any rush by directors to increase their own shareholdings either?? My eyes tend to just glaze over now when i read Mikoh announcements. They talk of $100 million potential sales yet not a single new buyer comes out of the woodwork, however a few more sellers appear. If this company was anywhere near close to achieving a decent sale this stock would be bubbling by now. even in a really bad market, companies can rise and do rise if they deliver.
They have said that a decision from Note Printing is expected in the later part of 2008, well we are rapidly approaching that time frame. My guess is that we will not get a decision and will get more of the same..blah decision will now be made first half of 2009..blah blah.
It always amuses me when directors shout out how fantastic their company is and how much potential it has and we are right on the verge of greatness etc etc, yet where do they invest their own money,,,and by looking at the salaries they are drawing just from this company alone they clearly have plenty of it.

However maybe just maybe the patient shareholders will be rewarded this time but and yes there is a big butttttt...
but one thing is for sure, this market is very fickle and while they might not like mikoh today they could absolutely love it tomorrow.

disclaimer: the above ramblings may be of no more value that a piece of used toilet paper or could offer some useful information. your choice.