RE:RE:RE:RE:RE:RE:RE:RE:RE:Insider Transactions Reported this WeekGrahamB wrote: Also invest2-read the post-I didn't say the investor exercised anything
Reread i\the post
The investor(or really speculator since this company doesn't have any profits and is stated in the finacials to have negative working capital-despite what promoters here are saying)
'just gave up his/her/thier money
So let's focus on the net effect- are you saying that the insiders haven't been net selling?
If so, please show your math
On Jan. 19 RH started by selling 16,338 shares at $0.135 = $2206
He then converted 666,666 debentures into 666,666 shares --- both priced at $0.075 (?)
He then sold 500,000 shares at an average about $0.175 = $87,500
He then exercised 900,000 warrants at $0.10 for 900,000 shares = $90,000 cost
On Jan 20 he again exercised 900,000 warrants at $0.10 for 900,000 shares = $90,000 cost
He then sold 500,000 shares at an average about $0.183 = $91,500
So bottom line he had 166,666 shares balance after the debenture conversion and followed by selling 500,000 shares giving him $87,500 cash. He then put out $180,000 to exercise the 1.8M warrants into shares followed by selling another 500,000 shares for $91,500. i.e. $180,000 out and $179,000 in.
Share wise it appears he is then left with 166,666 + 800,000 = 966,666 shares.
Please go ahead and correct it if there are mistakes.