GREY:PLUUF - Post by User
Comment by
juanPeruon Jan 12, 2021 3:21pm
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Post# 32278091
RE:Why has Disbrow been selling relentlessly lately
RE:Why has Disbrow been selling relentlessly latelyI think the reason to sell his own shares (and those of his clients) was twofold.
First, they must have had some good profits in other stocks last year, so in December he took the renewed liquidity of PLU as an opportunity to sell for tax loss purposes.
And second, considering that PLU needs more cash in the short term, he must be betting that a PP is imminent, which would give them the opportunity to buy back his shares and get some warrants for free.
That said, it's also possible that he and some of his clients (focused on lithium) are just trimming loses here and using the cash to chase other opportunities. It's not easy to see the Falchani project stalled when other lithium companies are making so much progress.