The Canadian Bioceutical CBICF

Why is he selling?

[Rico7787]

H isnprobably selling to fill the PP. Then he will have shares at a lower price with less risk.

[TryHard]

I'm not sticking around to watch him dump.... GL all.. I might be back in if it dips more.  Never know.

[Actinolite]

The recently PP is at $0.47. I think this whole situation is just him unwinding his transaction or re-balancing Al-Sidra's portfolio. Based on his current pace he could be done selling off within next six weeks. This assumes he continued to sell ~5-mil shares a week (opening balance yesterday was ~30mil shares) On another note, if you’re interested in how a wealthy man from UAE got involved

[Chevy_Chase]

He probably wants to buy bitcoins

[Bellsey]

Unreal. Thanks for that background. New investor in MPX, was wondering about this dood. My gut instincts say it's nice that the "ultra rich" is holding, as they won't  be selling for the money as this would just be a small fish. Then again, why buddy is selling right now is beyond me. I guessing it goes both ways...guy is so rich he doesn't care to hold and let share

[panchyboy]

Good research, thanks for the write up. The newest PP is through Echelon Wealth Partners Inc. so do you think it is likely that Naser Bin Butti Almheiri is participating in this one? Or can this information be found somewhere? This PP is supposed to close on the 21st so maybe we cannot find this out till after this time?  Sorry about all the questions. Kind of new to this and

[Chevy_Chase]

Why we he sell at 40cents to buy back into a PP priced at 47 cents?

[Actinolite]

No problem. I believe Chrystal Capital (Same broker as the one he participated in) is listed as a 'special selling' agent for the recent PP, so it is possible he could rebuy through the PP. However, just by briefly going through math of selling now and rebuying into the private placement. It makes no sense for him to participate, assuming he's trying maximize his gains. Even with the