RE:RE:RE:Insider Gabay Still Selling....Now we know.....from today's news:
"
In conjunction with these appointments, Rafael Gabay and Steven Mintz have concurrently resigned from the Board."
The question remains, how long will he be selling on the open market?
Also, the new board members will need some shares/options too.
Uplisting seems imminent.
steveM45 wrote: I know that what's good for the goose is good for the gander so why wouldn't we all sell now too?
If Gabay is so desparate for a measly $100k, why can't he borrow if he has any neans to? He can pay it back in a couple weeks/months when we're uplisted and appreciating in price.
That's IF he has no other options. EWave must not be doing well, so do they actually have any success in business is my question/concern.
Also, shouldn't coming this close to an uplisting warrant some sort of blackout period for insider transactions? Wish we could do a credit check on this guy.
Based on daily volumes and his holdings, he could keep this down for years theoretically.
1 week later and no response from IR. I'd expect them to be on top of these things when trying to uplist and attract new investors.
Not as confident as I was before. I'm up over 100% and am considering dumping this thing for something with better financed insiders. Peace of mind beats potential gains for me. Too many scams within the MJ penny stock world, and I'm hoping this isn't one of them.
Badtrader2008 wrote: Insiders see for many different reasons, perhaps because a short while ago this stock went up four times its value with the past few months and that's with little to no PR. As soon as it gets uplisted to the NASDAQ, just watch for the PR to follow.