Mr. Ryu's Share Reductions in DM and GBLCFrom January 8th to the 11th Andrew Ryu unwound his position in Graph Blockchain from 6.97M shares to 403K.
Andrew Ryu GBLC Trades [url=https://www.stockwatch.com/News/Item?bid=Z-C:GBLC-3017319&symbol=GBLC®ion=C&fmt=orig]GBLC's Official Press Release[/url]
From January 13 thru the 18th, Mr. Ryu sold 8.8M shares of DM, leaving him with 381K shares of Datametrex, per today's Press Release.
Andrew Ryu's DM trades and current holdings Mr. Andrew Ryu remains Chairman of the Board for each of these respective companies. His reason for selling the majority of holdings in two companies that he helms is pure speculation. Given his recent spin-up of ScreenPro and the obvious surge in need for testing services, it is reasonable to conclude that Mr Ryu needed funds for ScreenPro and this was his best option to generate them quickly. I have no specific knowledge of this but it is one plausable explanation.
We all know Datametrex is STRONG. Why would Marshall Gunter, the CEO, invest his own money to purchase 1.6M shares if this were not the case.
Mr. Ryu has worked hard to bring good deals to the table at DM and I expect he will continue with more of the same into the future as a responsible Chairman would.
There is a bigger picture here and we as DM shareholders may not see it for some time, or we may never know. Only time will tell.
Until then, enjoy the ride as the SP contines to increase through 2021.
Stay Long - GLTA