RE:RE:July 28/21 Interview with David Richardson Hello Outlaw.
Having negotiated a very beneficial series of warrants in return for providing "security" for several recent loans, Mr. Richardson has the ability to acquire further treasury shares at below current market prices. I would conclude this would be where he would focus his strategy to acquire additional PLAN shares.
Given he already holds in excess of 10% of the Company, I do not believe there are any restrictions on him continuing to acquire additional shares on the open market at his discretion, as long as those trades occur outside the statutory blackout periods and are nor made using "material non-public information". For example, should Mr. Richardson become aware of significant additional proven and probable reserves belonging to the Company, he would not be permitted to acquire additional shares in the public market before this "material, non-public" information had been shared with all shareholders.
As a well connected insider, I am sure Mr. Richardson is in a better position than the average arms length shareholder to assess the future lshort and ong term prospects of the Company. His continued acquisition of PLAN shares is encouraging to me, and is in line with my own assessment based on all publicly available information to date.
Cheers,
S.