the 8 week trade

Happy to be corrected here if I am wrong, so please read with some healthy sceptisism.

WR only held the shares for 8 weeks before he dumped them.

Shortly after the free finance scheme was approved WR exercised his options at 50c then put them in his wife’s name (all perfectly legal). As he sold them all for an average price of $1.21 he only made 70c/share on them. Still that isn’t bad considering he never had to pay anything for them in the first instance. As far as I am aware WR has never bought a single BRM share on market. At least he didn’t sell the shares for a loss, because if he had, he wouldn’t have had to pay the full loan back from BRM. Not sure that the $2.50 investors would be too happy that WR used their money to exercise his options only for him to sell them for less than 50% of what they paid for them … rant over now. I feel much better.

Onward and upward.