Suntrader. If I might share my thoughts on your statement..."3db used a loophole to use private sales to have a proxy seller sell off the shares over the past year in what was in my mind a determined effort to drive down the share price during a period where the company was advancing the technology that is ALIIS."
The Shareholder Agreement stipulated that any share sales 'over and above 10% of the previous day's trading Volume' had to be 'Board Approved'.
And that "no buyer of said shares could accumulate more than 2% of the shares".
I interpreted that the sales of the large blocks of shares, in the 500,000 to 1,000,000 tranches that transpired over the recent past, were to a host of unrelated parties that were introduced to the Board and Approved...meaning that the shares were strategically placed, with accredited investors, by Management...including Paul.
It's possible that the Market Maker was exempt of the 2% cutoff, but only after they had shown proof that the 'initial block' of shares taken down were subsequently vended in the Open Market, and thus widely distributed, to either previously existing shareholders who maintain a positive stance regarding the company's ultimate success, or to new shareholders, who most likely came to see this unusual situation, with the removal of a Control Position, as a once in Company's life opportunity for themselves. (all things considered).
Damn1212, by his own admission on this Board, did exactly that, took advantage of the 3Db liquidation, and increased his position at a price level in and around the $0.36 mark, which co-incides with the price fixed of the 8 million 3Db shares held by Computershare and reserved for issuance as incentives.
His timing was a bit off at picking the low...a classic case of 'premature accumulation'.
Ultimately I expect him to become our biggest BoardPumper in the days, weeks, months to come.
(aka developbc, Uncleron, BCONTVentures on the PYR forum)
So suffice to say I don't think there existed a loophole, per se, that caused a sag in the stock price back to the level it was at when the Shareholder Agreement was set in place.
'Nuff said. It's all in the past now anyway.
Recent volume would indicate that there were plenty of patient Buyers that had concluded that this price level may be revisited, barring a blockbuster NR that would change the whole dynamic, and their patience has proven correct.
I was waiting for the 3Db liquidation to drop below the 10% Reporting Limit for Insiders.
That event removed the daily filings on SEDI that is a deterrent to average retail investors, but more importantly, it is a deterrent for any other entity that may want to approach the Company with a potential mega deal.
This weeks NR may likely prove to be the 'spur in the ribs' for those that have been watching this theatre from the sidelines. Small and Large investors alike.
I'm leaning towards more sophisticated holders as in Mutual, Funds, family offices and a wider array of 'Accredited' investors that will be twigged to the situation.
However, it may also result in the 'Lock it in' command to those 'other' entities that RG has likely been in discussions with over the period.
A Chairman's role is more than pumping out videos...it's about the 'Art of the Deal'...i's dotted...t's crossed.
And 'soon' to me means 'soon enough'