RE:RE:GRA.T Share Price langusihes & Yet More OptionsThe fact being that "Mr Rocco Marinaccio, Senior officer of Nanoxplore, recently exercised 680,000 options and sold a similar amount of shares from his holdings into the market taking out about $500,000 on the trade" should actually give any NanoXplore minority equities investors great cause to pause.
Please explain how, " to our corporate benefit, the company's cash balances just improved by about $1,000,000"?
I don't believe these were exercisable warrants, the capital proceeds of which would accrue to the company balance sheet.
These were previously awarded GRA.T share purchase options which were exercised and then sold by Mr Rocco Marinaccio, to his benefit exclusively.
What's more, did the company, somehow by way of the recent NCI, purchase all those share which were dumped by Mr. Rocco Marinaccio after having exercised those options?
After all, when was the NanoXlpore daily traded volume so high as to allow for his resulting post options exercising GRA.T shares disposition at the market?
Here's the deal Dumont.
Since Mr. Rocco Marinaccio feels the GRA.T share price is overvalued, as indicated by his sale of such shares, I believe I'll greatly lighten my NanoXplore equities exposure before this quarterly financials report is released.
I sense another GRA.T share price sandbagging is coming; and I expect Mr. Rocco Marinaccio knows it too.
Why would he sell $500,000.00 worth of GRA.T shares if he thought the share price would double from current share price points?