Insider Trading...You decide?On approximately November 17 2021 AOT was trading at $1.40 +-. From November 17 +-, then free fell bottoming exactly +- BEFORE the News Release on December 7 2021 that was the first mention of the "Clarifier ", being lost in the waters that I'm aware of. Interesting is, there was no halt of what I consider to be MATERIAL INFORMATION!!!?? In Derek's mention of the event, he doesn't give the date of the loss, (It must have been such a non issue that he forgot the date) only the mention of..."RECENTLY INFORMED", Of the LOSS of the Clarifier!!! Really?...Really!!!! Now...I'm not saying there was insider trading...I am saying the coincidences like this happen all the time and that I am sure that it just looks suspicious. You decide? Maybe this would be something someone with more authorty could comment on? This is just my findings after doing some research. Just my view. Here is the words from Derek on Dec 7th when AOT share price had more or less hit the first leg down...from the $1.40 level to $1.07 level. Did someone know? Was the stock shorted? Could that be why AOT is at the $1.00 to cover those shorts now? JMO. glta
The Company recently received notice that a cargo ship travelling from China to Vancouver, carrying a majority of the Company’s clarifier and thickener components, lost its cargo at sea in a major storm event. The financial cost of replacement will be covered by insurance, but the additional time to fabricate and ship replacement components is expected to cause a delay in the overall project schedule. This combined with abnormally high snowfall levels associated with storm events on the west coast of B.C. has led Ascot to revise the project development plans throughout the winter season and into 2022. For these reasons and in order to prioritize the safety of our workforce, the Company is now planning to scale back most outdoor construction activities and delay the commencement of underground development until snowfall levels subside