RE:RE:RE:RE:Known Facts vs Speculation Hi mercurysmith,
I speculate:
Mr. Xie also owns 6.666.667 warrants
Source: "2013-06-12 16:41 ET - News Release - QSolar appoints Xie to board" - https://www.stockwatch.com/News/Item.aspx?bid=Z-C:QSL-2079803&symbol=QSL®ion=C)
and I (we) don't know the date(s) and price(s) they can be excercised at (at least, I found no source).
On March 30, 2014 471.000 plus 100.000 purchase warrants have been exercised at a price of $0,40.
Source: Q press release - https://www.fscwire.com/newsrelease/qsolar-reports-successful-warrant-conversions-prior-march-30-expiry-and-redemption-and
If these were some of Mr.Xie's warrants, then he could have sold the purchased 571.000 shares with a profit:
Filing | Transaction | Insider Name | shares | Price | Value |
Date | Date |
Jun 10/14 | Jun 10/14 | Xie, Junliang | 25.000,00 | 0,4100 | 10.250,00 CAD |
Jun 10/14 | Jun 10/14 | Xie, Junliang | 10.500,00 | 0,4000 | 4.200,00 CAD |
Jun 10/14 | Jun 9/14 | Xie, Junliang | 169.000,00 | 0,4000 | 67.600,00 CAD |
Jun 10/14 | Jun 9/14 | Xie, Junliang | 9.000,00 | 0,4500 | 4.050,00 CAD |
Jun 10/14 | Jun 9/14 | Xie, Junliang | 5.000,00 | 0,4600 | 2.300,00 CAD |
Jun 9/14 | Jun 6/14 | Xie, Junliang | 180.000,00 | 0,4500 | 81.000,00 CAD |
Jun 9/14 | Jun 6/14 | Xie, Junliang | 92.000,00 | 0,4600 | 42.320,00 CAD |
Jun 9/14 | Jun 6/14 | Xie, Junliang | 115.000,00 | 0,4800 | 55.200,00 CAD |
Jun 9/14 | Jun 6/14 | Xie, Junliang | 20.000,00 | 0,4900 | 9.800,00 CAD |
Jun 9/14 | Jun 6/14 | Xie, Junliang | 41.000,00 | 0,5000 | 20.500,00 CAD |
Jun 9/14 | Jun 6/14 | Xie, Junliang | 20.000,00 | 0,5100 | 10.200,00 CAD |
Jun 9/14 | Jun 6/14 | Xie, Junliang | 20.000,00 | 0,5300 | 10.600,00 CAD |
Jun 9/14 | Jun 6/14 | Xie, Junliang | 30.000,00 | 0,5400 | 16.200,00 CAD |
Jun 9/14 | Jun 6/14 | Xie, Junliang | 20.000,00 | 0,5500 | 11.000,00 CAD |
Jun 6/14 | Jun 5/14 | Xie, Junliang | 106.000,00 | 0,5000 | 53.000,00 CAD |
Jun 6/14 | Jun 5/14 | Xie, Junliang | 59.000,00 | 0,5100 | 30.090,00 CAD |
Jun 6/14 | Jun 5/14 | Xie, Junliang | 35.000,00 | 0,5200 | 18.200,00 CAD |
Jun 6/14 | Jun 5/14 | Xie, Junliang | 11.000,00 | 0,5500 | 6.050,00 CAD |
Jun 6/14 | Jun 5/14 | Xie, Junliang | 34.000,00 | 0,5700 | 19.380,00 CAD |
Jun 6/14 | Jun 5/14 | Xie, Junliang | 7.500,00 | 0,5800 | 4.350,00 CAD |
Jun 6/14 | Jun 5/14 | Xie, Junliang | 7.500,00 | 0,5900 | 4.425,00 CAD |
Jun 6/14 | Jun 5/14 | Xie, Junliang | 7.000,00 | 0,6000 | 4.200,00 CAD |
Jun 6/14 | Jun 5/14 | Xie, Junliang | 5.000,00 | 0,6100 | 3.050,00 CAD |
Jun 6/14 | Jun 5/14 | Xie, Junliang | 15.000,00 | 0,6200 | 9.300,00 CAD |
Jun 6/14 | Jun 5/14 | Xie, Junliang | 6.000,00 | 0,6700 | 4.020,00 CAD |
Jun 5/14 | Jun 4/14 | Xie, Junliang | 57.000,00 | 0,7300 | 41.610,00 CAD |
Jun 4/14 | Jun 2/14 | Xie, Junliang | 5.000,00 | 0,7200 | 3.600,00 CAD |
Jun 4/14 | May 30/14 | Xie, Junliang | 6.000,00 | 0,7000 | 4.200,00 CAD |
Jun 4/14 | May 29/14 | Xie, Junliang | 26.000,00 | 0,7100 | 18.460,00 CAD |
| | | 1.143.500,00 | 0,4977 | 569.155,00 CAD |
Between May 29 and June 10 he sold 1.143.500 shares at an average of $0,4977.
I
f the 571.000 warrants from March were his,
he could have made $55.786,70 gross profit.
Questions are:
- Is this short term profit worth the (short term) price deterioration of the shares ? (43% so far)
- with the additional (1.143.500 - 571.000 =) 572500 shares he made a gross loss off (0.4977 -0.75 =) $-0.2523 a share or $-144.441,75. In total, his gross loss was $-88.655,05.
In the end it doesn't make sense (for me).
Good luck