GREY:MYMMF - Post by User
Post by
JohnJjJameson Dec 29, 2017 9:45am
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Post# 27244584
News isn't bad news...
News isn't bad news...Nor is it good news, but as already mentionned it is good for transparency sake. It means their shares will sold by a broker with no communication from them, so doesn't mean they will cash out at the highs of the month. It is a way to pay themselves and it lets the shareholders know it will be happening in advance. There is nothing to prevent them from dumping shares on the market right now and saying fck it and peacing out, so in some ways this is a good thing. Erick Factor has 4.9 mil shares plus warrants & options so really over 2 years he will be selling less than 1/5 of his position, whereas there is nothing to prevent him from dumping shares last week and leaving the company with 20 mil + in pockets. Are we the retail shareholders the only onesallowed to cash out on 2000%/3000% ++ gains, wholly unfair if you think you can make that kind of gain but management can't have some of the riches as well. Market obviously doesn't see this as a good thing but most people should have recognized that at $5 this stock was overvalued for right now, this will be a bilion/multi billion dollar company soon, but needs to get further ahead on Weedon & Australia for this to happen. MYM again has shown that management is top notch, albeit unfortunately most can;t see it that way.