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15/06/20
13:19
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Originally posted by BobbyKennedy:
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What are you on about? Between him and his family they must have over 75m shares. You really think he’d jeopardise his family’s wealth for the sake of a few Placement shares? Oh please... I’ve looked into what he’s up to and he’s a very busy dude with numerous deals and projects underway. He personally tipped $150k into a small spec (VML) that he rescued from the doldrums. There are plenty of shysters out there but I don’t think he’s one. He’s got a lot invested in NCZ and I think he’s as a committed as anyone to the success of the company. Meanwhile, we’ve got you dumping 14m shares onto market and remaining here in the NCZ threads to troll a company that until recently you were very bullish on. The Goro deal is still in DD and the terms are unknown so please don’t assert that you sold because of a new equity deal with Mac. It’s very unbecoming MN to hang around like after selling and I have tremendous respect for you and your work but give it a rest. Especially the fantastic stories of Directors selling stock to short sellers. I dont think anyone here with half a brain would buy that.
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That whole post is pretty funny especially the description of EC being such a charitable guy to the retail punter - what is the quickest way to offload a large amount of shares off-market? Sell it to funds who have a large short position. ECs parents did pretty well selling out when they did last year:https://www.copyright link/rear-window/parents-of-new-century-s-evan-cranston-sell-down-20191022-p5330h We will find out in the next week or two based on the amount of outstanding short interest.