RE:RE:RE:RE:RE:RE:RE:Up 25% His personal holdings are irrelevant, share appreciation is not where they make their money. They make it in compensation, consulting, and bonuses.
I'll give you an example, the year before he bought a huge stake in Aberdeen at $0.15-$0.20 I believe. Something in that range. A sure sign the company was up to big things, right? Nope, you'd be wrong. The share price crashed on news they used all the funds generated from Lithium-X on bonuses and other terrible investments into related companies where it was all funneled away.
Shares are currently hovering around $0.05, and I would bet he doesn't care in the slightest. As far as EarthRenew in particular generating revenue? Sure, its possible. Will they cover management overhead, very unlikely, as its a moving target and anytime something good happens the funds are almost immediately diverted so as to ensure the underlying company and shares are never worth enough to entice an activist to come in and institute the change these companies sorely need.
Can EarthRenew be the ONE exception out of the whole sordid lot? Maybe. But I wouldn't hold my breath. My advice is if you want to flip it for pennies to try and squeeze out a couple of bucks, have at it. But don't buy because of the underlying "fundamentals" or lack thereof.
Cptnkrk wrote: I hear you,
BUT Stanley Bharti does hold 10 000 000 shares personally. Wouldn't it be in his interest that the share price go up so he can sell off at a profit? Again this all depends as to what he purchased those shares at.
if you look at his profile:
https://www.marketscreener.com/business-leaders/Stanley-Bharti-05SYPG-E/biography/ It's his second largest holding.
Also, dilution would make the shares he holds worth less so I don't think they are angels by all means but with this play he might actually think they will make $$$.
Plus, I'm not sure about the DD you have done on your end but the structure that ERTH is putting in place will make dilution unecessary due to the fact that money will be coming in soon.