OTCPK:NOSOF - Post by User
Comment by
stocks123STon Aug 02, 2017 1:14pm
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Post# 26538928
RE:RE:Canadian Insiders
RE:RE:Canadian InsidersIMO this is just making payroll !
ship Type | Securities | Nature of transaction | Volume or Value | Price |
Jul 14/17 | Jul 14/17 | Resource Capital Fund V L.P. | Direct Ownership | Common Shares | 11 - Acquisition carried out privately | 1,103,593 | |
Every 3 months Resource Capital does a pp- roughly $350,000...
With 25 employees, I think they are full time, that is roughly how much it would take.
The top 5 executives making more of course, but even the so called average NOT employee, probably makes$40,000/y.
The good part is that NOT doesn't have to worry about pp. Recource Capital pays whatever the price is at the time.
Even more important, is the fact that no insiders has sold for a long time...
That means that the insiders see value in owning NOT...
There is a slight problem that is approaching and that is the 19.99% limit-by law...
You can also look at it as a plus.
Resource Capital will not sell unless the price reaches 1.50-2.00 probably.
The way they see it, is probably, we kept these guys afloat and for them to sell SOME of their shares again probably $10 mil worth, you are looking at 1.50-2.00.
So while Resource Capital will be selling, they will be back to top up payroll...
IMO, Resource Capital have invested a lot into NOT both capital and time. They are looking to cash in at a much higher price than $2.00.
I wonder if the First Nations people know that they can make money by buying some shares now, BEFORE the announcement of an agreement???
My observation is that those who are buying in the morning keep loosing money. I would wait and buy in the afternoon, especially if they are buying at the offering!!!
This also is MHO...
glta