Traverse Energy Ltd V.TVL

RE: I Hope Qamrul Is Happy Now

[HardRockAngel]

No, they don't have to get it from insiders but it is preferable to the institution to do so. They prefer to know that they can take a significant share position at a fixed price as opposed to try and get it all at market prices. Isn't it more attractive if your intentions are to take a 1,000,000 share position in a company to get 500,000 from insiders at an agreed upon fixed price and then get the balance at market as opposed to getting it all at market? Perhaps Qamrul had to agree to give up his 500,000 to attract the institutions into taking an initial position on the basis of them potentially increasing their position in the future through the regular market? Why don't you call Qamrul and ask him why he sold? He will tell you. HardRockAngel