RE:RE:What insider on a micro cap unloads that many shares to killI agree in one point @korupsion:
"maybe it was considered by management to be the best time", otherwise they wouldn't do it now.
But for me the question is still, why issuing nearly 9 million options at $0,17 and sell it directly to the market for a ridiciouls low price at $0,22?
Why Andrew Ryu needs money again?
They aquired Concierge. This deal is done. And most of it, at least it seems to, was done by options of Ryu (still no explanation about those options Andrew Ryu sold a few weeks ago! And now again!).
The aquisition of that drone company has to be done by end of April. Not now.
Meaning to say, they could have let the shareprice grow to 0,40 or 0,45 and start selling then to do necessary transitions. But selling at $0,22, this is just dilution without explenation.
And if it is for Ronin, then I'm annoyed, because it would mean we (those who where there in 2017-2019), financed Ronin twice (write-off and now a spin off). No, Ronin has to be financed by a third party. That's how cash comes in.
So I just don't have an idea for what reason insiders are selling.
If management would explain it by a statement, like:
"Hey we want to ...", then I could understand it. But just issuing nearly 9 million options and throwing to the market, I don't get it.
Hopefully shareprice starts to increase soon again, because a shareprice decreas of 30% in two weeks is just :#
JMHO
Torlif
korupsion wrote: themason wrote: momentum? You would be hard pressed to find 1, if the company is legit.
Maybe the real momentum hasnt started yet. There was no good time to do what he did and they had to pick a time that would have the least impact. Maybe this was considered by management to be the best time knowing what is coming up.