Call Me the Kool-Aid KidWe appreciate the contrary point of view, of course. But you must be factually accurate:
1. Firstly, and most importantly, the product in question is spelt Kool-Aid. Anybody remember the late Reverend J. Jones? Now that was a forgettable party!
2. As we pointed out earlier, Sino-Tech sold the shares, not the Directors personally. It was a combined 8M shares that
they were each required to report as control persons, or insiders for reporting purposes. Who can blame Sino-Tech for taking 20% of their shares off the table after a 10,000% run-up from 5c?
3. TD and Canaccord did a bouight deal at $5.40. From memory, I think the net proceeds to the Company was $5.21, so
19c per share is their so-called profit. It is unlikely that they bought for their own account, so forget about the big windfall or haircut to those bad, bad financiers.
4. You are undoubtedly correct in surmising that certain parties knew a financing deal was in the works and profited by selling (short?) in advance of the news release. But this did not crater the stock below $5.40. The suspected shorts saw the price moving back from $6+ closer to the issue of $5.40. Do you really believe that they foresaw the commodity sell-off and are still short? The huge covering that has occurred recently would seem to indicate not.
Anyway, with an IQ of 93, what's it to you if some of us have more money than brains? Gimme a break!