RE:RE:RE:RE:RE:RE:RE:RE:Director sell shares ?? While I try to remain optimistic about this company despite a director selling, I can't help but wonder if indeed there's more for him to sell and if a potential deal will occur within these upcoming months.
Was the selling done simply to transfer shares to another account or person? I don't remember seeing 400k bid waiting to get filled prior to him selling. Nevertheless it all got bought up quickly. Hmm.
Now if all he needed was $180k cash..why not obtain it using other means ...especially if a deal may happen within this year. Heck he's on the special committee and would be privy to this info. Paying 10%-15% on $180k interest works out to approximately $20k in interest payments for the year. Even though he owns millions of shares, he's giving up potential "multiples of current stock price" premium rather than paying $20k? So if a deal was to happen even at just $1/share...he lost out on $400k. That's why also think he may sell more and/or no deal is imminent.
or perhaps he wanted to scoop up all these G-wagons on sale from real estate agents going bankrupt in the GTA
just my thoughts ... (long LME just not in CAPS anymore)
hopefully I'm proved wrong