RE:RE:RE:RE:RE:push down posts from pusssys like momentum & bigtime8 million shares being sold into the market isnt the issue. With the volume in this sector and the size of the float it isn't a huge deal. The issue is it signals that this speculative purchase of a LP will not happen. Why would the CEO be dumping that many shares when he knows they may be getting a LP? If this thing will run 3x or 10x more like you say dont you think the CEO would be holding? Keep in mind he cannot be making this trade based on future events he is aware of but he can of course hold due to future events.
He has not bought a single share in the past 3 years from what I have seen. During this time he has sold approx 16 million shares. Now most CEO's in this industry aren't buying shares because of the valuations are toppy so I dont expect him to be buying but dumping that high of a % of his owenership?
Also, they have 3 millionish in cash if they dont pay off any debt. ACG just purchased a producer in Quebec that doesn't have a license yet for 7 million in shares as an example. They arent even licensed, an actual LP is out of reach by NF. Basically any publicly traded LP has a market cap 100 million + at this point....