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Bullboard - Stock Discussion Forum illumin Holdings Inc T.ILLM

Alternate Symbol(s):  ILLMF

illumin Holdings Inc. provides a journey advertising platform, which enables marketers to reach consumers at every stage of their journey by leveraging advanced machine learning algorithms and real-time data analytics. It enables advertisers to connect intelligently with audiences across online display, video, social and mobile campaigns. Its Programmatic Marketing Platform, powered by machine... see more

TSX:ILLM - Post Discussion

illumin Holdings Inc > Dispositions
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Post by mofwmofw on Mar 27, 2021 11:22am

Dispositions

These dispositions were not part of purchase/ownership plan. They were plain selling and someone mentioned they need to get paid , well most of them including Tal earned millions in December after selling and I don`t blame them for wanting the money after so many years of excellent work. Listen, I don`t begrudge them at all, I just don`t understand why now with a Nasdaq listing on the way and supposedly great financials. And please, I`m not a pessemist, I have more shares I bet than almost anyone here. I`m just trying to understand the logic of WHY NOW with so much good news on the way. Are we about to get a downgrade, or is someone about to steal us for $10 a share. I would love to have someone explain so I would have to eat my words. And no I`m not drinking but I may have a few later .
Comment by Torontojay on Mar 27, 2021 11:37am
I have a lot of shares too. It was my biggest share holding when I originally purchased just over a $1/share. I have a lot to lose but I have a lot to gain as well. Listen, if one is always worried you can follow what the insiders are doing collectively. If they sell 10% of their shares, then you sell 10% too. Some people like to follow the insiders and it's probably not a bad strategy. I ...more  
Comment by Swiftstar on Mar 27, 2021 2:06pm
Maybe overthinking? Could be so many reasons why they would sell. I mean, if you recall back in October last year, Pollack sold 1/3rd of his shares for just over 3 dollars. When the company was at 150m mkt cap. If he did that now, it would cause panic across the board. They were thinking of nasdaq at that time aswell.
Comment by Ibrahim on Mar 27, 2021 2:45pm
I can't see that in the SEDI records... Are you sure it's October? Maybe you're referring to the 319,170 shares he sold at $6.10 to TD securities in November, that was part of the purchasing agreement according to which the main shareholders had to sell.
Comment by Swiftstar on Mar 27, 2021 8:24pm
Hmmm. Interesting. If I remember correctly, it was an article I saw from simplywall street.
Comment by mofwmofw on Mar 27, 2021 2:26pm
That`s doesn`t make a whole lot of sense about do what they do and sell 10%. You`re either not listening or you don`t want to and I`m not getting into a pi**ing match over it. I`m just looking for some logical reason why they would sell this low after commenting for the past couple of weeks how rosy everything is. I won`t mention the positives of this company becuse they`re too numerous and we all ...more  
Comment by Torontojay on Mar 27, 2021 10:51pm
  Listen, people buy for only 1 reason but they sell for a number of reasons that are unknown to you. If you're scared by the insider selling then do yourself a favour and sell your shares, I'll take them. It looks as if your confidence is waning. 
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