BOV.H starting to move higher again ..... huge underlying bids and thin on the ask.... another blurb on Stockwatch yesterday
Harry Chew's NEX-listed shell, Bi-Optic Ventures Inc. (BOV), added one cent to seven cents on 50,000 shares. Mr. Chew and his brother, Sonny, recently filed insider reports reporting their stock sales. Late last month, Harry sold 500,000 shares at five cents and 200,000 shares at eight cents, and then subsequently bought back 100,000 shares, paying either six cents or 6.5 cents. Sonny sold 116,000 shares at five cents. Those share sales are unlikely to mean the Chews are giving up on this shell. Last month, Bi-Optic received approval from the exchange to issue eight million shares at a deemed five cents a share to settle $400,000 worth of debt, much of which belongs to the Chews. |
