TSXV:MRS.H - Post by User
Comment by
TheRevenant2016on Dec 28, 2017 11:59pm
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Post# 27243062
RE:RE:One thing that gives me confidence: Dec 18th Warrants
RE:RE:One thing that gives me confidence: Dec 18th WarrantsWe won't know when Reum
sells or buys for that matter as he resigned not only as CEO but from the BOD and is no longer considered an insider subject to those disclosures regarding inisder reporting procedures.
choices999 wrote: The most telling sign is former CEO Rodney Reum who exercised 832,000 warrants.
They are allowed to sell because no P.O. has been announced so nothing stops them. Acquiring the shares was done through warrants so even if they have insider information, it was all legal, and they could technically sell since confirmation of a P.O. would result in a soaring price not a declining price.
And it is way too early for cancellation of the distribution deal which has not yet begun, it is for 2018.
So why would these people, especially Reum, acquire shares which costs them money, of which they can sell as they are more than 100% in the profit and, REFUSE to do so.
Only possible answer: They know P.O. is for real and want a much higher price.
Reum is the best possible person to know of this deal, he has 4 million shares as former CEO which he refuses to sell. Why is that?
Cause he wants a $ 5 to $ 10 stock price.
Selling 4 million shares here gives $ 1.2 million, selling it at $ 10 give him $ 40 million.
And he knows....
My personal opinion