RE: RE: RE: Insider tradingI'm not sure if the switch from the 20s to the 30s on the selling in the public market has been switched. I am just assuming that the moving the shares over to Pathways to sell switch has been made to the 30s.
Even if he were selling something he paid 30 for 26, we couldn't know if it is a loss to his bottom line, because, of course, he has what he calls his 'sweetener' warrants which is a bonus when he does a financing.
And of course, if it is a flow through, because of the tax loss laws in Canada, he could even sell it for a 15 to 25 percent loss and break even.
His break even is way better than our break even which is very simple. Buy it for 30 and sell it for 26, then lose 4 cents.
His could be buy it for 30, sell it for 26, then have no loss because he has the warrant too, and he can write off the loss tax wise in a flow through anyway.
Great system in Canada to get companies the cash from the Joes of the world. Not a great system for the little guy to watch his share price not augment, at least in the beginning.
We will see what happens in the passage of time. It is my hope and belief that the system Joe uses just makes you extremely patient, extremely frustrated, and needing to learn that you can time your entry into a company in unison with Joe's exit.
What has always escaped me in all of this though is all of the other Mineralfields style companies put their money behind start ups like CRE and they don't sell all the shares. How to the other companies manage this without constantly selling the shares and warrants? Other Mineralfields like companies actually hold the shares and support the company?
Strange that Joe seems to be the only one that we talk about in this way at Stockhouse. Never seen another Joe in all my travels.
I use to see a PP and the first thing I would do is see what the amount was at what price and see what the stock price was in comparison to the PP price. Now I go straight to see who did the PP, and if it is Joe, well, I put it on my watchlist to see how much Joe has and when he might be done.
I am telling you. I am working on a large spreadsheet of Joe influenced companies to see when the Joe influence might end and then invest in them after the shackles have been removed.
The first company coming is CDO. I trust CRE is not too far behind. Someone mentioned Slam is free of Joe now, but Slam has a recent offering maturing next month, so Slam has 30 days of freedom before Joe returns.