Post by
stockfy on Nov 26, 2018 5:37am
ZAR: Insiders own 10% with the CEO owning 2.4 million shares
According to the latest MIF filed on Sedar, Craig Hansen owns 2.4 million shares, not 1.5 million shares I wrote in my previous post. Also:
"As at April 19, 2018, our directors and executive officers as a group, beneficially owned, or controlled or directed, directly or indirectly, 3,112,274 common shares or approximately 10% of our issued and outstanding common shares."
Nevertheless a couple of short-sighted debenture holders/posters here ignore this key fact. They also ignore the reasons of ZAR's recent drop and erroneously think that ZAR's stock can keep falling reaching 1-2 cents in Dec 2019, which will allow them to have to take almost 100% of ZAR.
However, the insiders including the CEO who controls the game and ZAR's fortunes have strong motivation to push ZAR's stock much higher than 10 cents, so the debenture holders will receive MUCH LESS shares in December 2019 when they convert at 95% of the then price of the common stock if they don't accept the current offer for conversion at 10 cents.
With ZAR at 15 cents in December 2019, the debenture holders will receive much less shares than what they receive now at 10 cents.
With ZAR at 20 cents in December 2019, the debenture holders will receive even less shares when they convert....
Simple math.
Comment by
stockfy on Nov 27, 2018 6:39am
rad10, you are not only arrogant. It's not that you ignore key facts about insider ownership mentioned above. You also have an opinion about everything on this board but your posts are always EMPTY. A bunch of EMPTY WORDS. Keep in mind that this is not our first rodeo either.
Comment by
rad10 on Nov 27, 2018 7:26am
Stockfy I would argue that arrogance is talking authoritatively and with bluster about: 1: "refinancing the debentures". 2: The ND asset "printing cash", 3: Predicting the stock price in December 2019 4: Condescending and impuning the intelligence of note holders..... Just my two cents...... Good luck in your other investments champ. Cheers Rad10.
Comment by
pablo87 on Nov 27, 2018 6:34pm
Its only Hansen that has subtantial shares and debentures and a bit Peplinski actually paid for some shares ($50K?). The others probably all got free shares, one VP sells them every month without fail (but not recently strangely enough).
Comment by
rad10 on Nov 28, 2018 8:19am
I don't feel great about saying this but 2.4 million shares is the MSRP of a range rover. 120K. Last thing we need is shares in a company about to go into receivership. Will check in later today.
Comment by
stockfy on Dec 20, 2018 5:40am
"However, the insiders including the CEO who controls the game and ZAR's fortunes have strong motivation to push ZAR's stock much higher than 10 cents, so the debenture holders will receive MUCH LESS shares in December 2019 when they convert at 95% of the then price of the common stock if they don't accept the current offer for conversion at 10 cents."