GoTogether wrote: They are one of the reasons why HPQ's share price is at these depressed levels at the moment.
Their relentless selling last year created a dynamic to the downside.
Uncertain investors sold, only because the price was dropping, regardless of good and promising fundamentals.
Currently Fancamp (V.FNC) :
- holds 5,525,000 HPQ shares.
- has no longer insider status.
They sold in 2016 and 2017 : 2,475,000 shares (8,000,000 - 5,525,000).
Reason for selling? It seems that Fancamp was in desperate need of money.
Selling stopped after receiving $3.9 Million SDTC Funding in July last year :
From SEDAR:
CONSOLIDATED INTERIM FINANCIAL STATEMENTS, JANUARY 31, 2018 AND 2017
The Company held 8,000,000 shares of purchase warrants of HPQ Silicon Resources Inc.
(formerly Uragold Bay Resources Inc.) at January 31, 2018 (2017 – 5,525,000 common shares
and 8,000,000 share purchase warrants).
> In January, 2015 the Company received 8,000,000 Units of Uragold Bay Resources Inc., a public company, pursuant to the sale of 32 of the Company’s Beauce property claims. Each Unit is consist of 1 common share and 1 warrant. The shares were issued at $0.045 per share and the warrant are exercisable at $0.20 in the first 24 months, $0.30 in the 25th month to the 48th month, at $0.40 in the 49th month to the 60th month, valued at $269,680 as at April 30, 2015. <
EOM.