When posting Fridays trades I said, see later post, regarding the quantity that have been sold as chunks. This is that later post.
Having used a little time going back over the thread and thinking about what's behind the odd trading pattern.
In some way the company's real exiting opportunities both for the company and the investors, combined with the anti-hype attitude also prevents slandering. The anti-hype also bringing pictures in mind like of a - Proud, few words, all logic, Native Indian.
A bit romantic? - Sure!, but it makes one really want the company to succeed.
Of course now with a professional PR company taking care of the news releases, the superlatives add another color to the news, and one have to read them with clear glasses.
Regarding the block sells we have seen:
? - MM manipulation - No! not in that size of trades - (shakes is 5-10K bits) - The price does not rise during the day as MM's can see the sell order coming.
!!Apart from MM's having a ball with a good percentual profit, they are also allowing us to get more at a good price.!!
? - Company selling - IMO NO! - the 10-50MM which resides as ARET holding IMO - will be used for acquisitions and will be restricted. (I reckon you all know how the 80MM were used)
? - Delmar selling - No!, It's a reporting company - 144 must be filed. - We will se his holdings in the coming 10Q.
After reading back through everything, I've got only one good possible explanation - It's speculation - but try considering following 5 pieces of the puzzle:
1) We have heard that employees were buying since mid spring.
2) Post 359 Jun 30 AM
3) Post 380 Jun 30 PM
4) Post 594 Jul 16, which is posted after LBI is aboard there.
5) I'm sure that LBI lurks on SI.
So LBI informs Delmar that there seems to be substantial unreported insiders accumulation going on - Now imagine you are the boss there - what would you do to control the damage.
I know what I would have done:
a) Report to SEC - This would not be a public filing in the first instance - an S-8 and one or more 144 may come.
b) Get rid of those who should have known better.
c) Order the remaining that can be considered as insiders to dispose, preferably at no gain - They can reenter in an open market.
Delmars statement in the NT-10 also seems to support this line of speculation.
Link: freeedgar.com
Now you may ask - Why is Barry still there - The answer IMO is that he is a tremendous asset in his main line of work - Have been mentioned on the thread and in PM's and E-mail to me - The success as some of us see it as IR is limited, but that's not his main job.
If this speculation is right - then I'd expect that there would be yet some 5-15MM chunks hitting the trade, before we see normal accumulative impact on the price. And if so, then there are 5-10 tradedays to accumulate further at current prices.
Kr
Jens
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