RE:Questions for new managementIf PHM management sold their stock to the fund in exchange for the fund's paper, and the fund only has a 20% weighting in PHM for example, management has effectively sold 80% of the PHM stock they sold. They would now hold paper in the fund that would have PHM as just a 20% weighting.
The question is, what percentage of the fund is in PHM, and hence what percentage of their stock was effectively sold? Do they believe this is effectively a massive sale of their PHM stock?
Will they and the new management be forthright about what is a potentially massive sale of the stock during the conference call? The news release said they would address the issue of their shareholdings.
In the run up to the sale of their shares many appear to believe there was a concerted effort to pump the stock. Can they outline all they did from stockhouse ads, to the promo with Fabrice Taylor calling for a pop in the stock, etc.. They sold prior to the LOIs closing, the release of the financials, etc.. They sold with important unresolved questions into the hype. We will get the financials shortly. Where is the pop they told investors about in the Fabrice Taylor interview, and what is the reasoning behind the potential massive sale of their shares as they take ownership of the funds paper?