Braille Energy Systems Inc V.BES

No way

[roaring20s]

There is no way this selling is retail. Too much volume. I expect to see filings in coming days. Grafoid has to be closing out their position. Their final allotment based on the most recent release has a 4 month hold. Bes should have clear sailing when they move on.

[roaring20s]

Bes recent filing show insiders Grafoid owning 4.6 million shares. When the initial deal was closed Grafoid participated in the raise while earning 4 million plus warrants. We can assume those have been exercised and possibly sold. Their remaining 5 million shares have a 4 month hold. If my thinking is correct we should start the next leg up this afternoon or early next week .

[Padina]

Unless compelled to sell, i am tempted to beleive that Grafoid wont unload all their shares just yet seeing that they could make much money off these shares. The penultimate NR from BES.V stated that Braille is aware Grafoid is selling shares but there has been no SEDI fillings except for the one from Jan 06. Grafoid unloaded shares in January at 6 cents not long after, price jumped to the teens

[roaring20s]

You are incorrect. There is no way this volume is retail alone. Take a look at their past filings. Some were weeks later. Grafoid is moving in a different direction. Bes will stand on its own merit from now on. Bes should outperform the market. The battery sector will be in demand for the next decade. The move has only a started. Grafoid is the crown jewel. They do not need bes shares to make

[Padina]

I thought you mentioned Grafoid is unloading its shares. So where will they get the 5M shares if u are claiming they are unloading?

[roaring20s]

I do not know if they are selling. I know they have been selling based on filings. The release they recently issued for the debt conv said 500k have been converted to 5 million additional shares with a 4 month hold said they are aware Grafoid is selling. It's not rocket science. I am reading and taking them at their word. The shares they are probably selling are those they already had and

[roaring20s]

They should be done or close anyway. Whatever overhang should abate. Next leg is coming 

[Padina]

I beleieve Insiders have max 5 days to report their transactions. from Jan 7 till date, their has been no filling. We will see in another 5days whether a filling will be made. Grafoid may sell few shares to fund excersing a warrant if they have one but unloading huge positions at cheap price? i dont believe that bcos no matter how rich  coy is, they will never reject more money. Judging from