Mark Gerlitz BOUGHT 509,935 shares ($ 2 million)Mark Gerlitz bought 509,935 shares of Reco on February 17, 2021, spending $ 2 million on the stock.
On February 18, 2021, he gets appointed to the RECO board as a director, of which it appears to me the main purpose is to NEGOTIATE with majors in hostile or friendly environment.
Information can be found on CEO.CA, sedi insider filings.
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He was not an insider on February 17, 2021 and therefore was not privy to any corporate affairs.
HOWEVER, the $ 2 million investment in common shares is very telling and is the MOST BULLISH SIGN ever that we have a PETROLEUM SYSTEM IN PLACE.
Who in their right mind would invest $ 2 million in shares of stock, if there was an indication that all RECO had was sand.
He might have read the tea leaves or, he may have read the POSITIVE CORPORATE LANGUAGE like I did or, maybe once he got the phone call from RECO he may have assumed, if they are calling me then they probably have some good news.
Either way, this is ANOTHER STRONG HINT that we have a PETROLEUM SYSTEM IN PLACE.
MPO