Post by
frm10328 on Feb 10, 2021 11:16pm
Andrew Ryu Sells 3.6M DM and Marshall Gunter Buys 1.6M DM
This evening on Sedar a large number of filings were posted. Andrew Ryu has apparently sold another 3.6M shares of DM. Given that he is the Chairman of the Board this does not look good. That said, there are other gears in motion.
On February 10, Andrew Ryu executed options to buy 7M shares of GBLC, a company in which Datametrex holds at least a 26% position. Mr. Ryu is also the Chairman of the Board at GBLC.
Given that Andrew Ryu still holds options in DM for millions of shares it is clear to me that he is simply moving funds around among companies in which he possesses far more inside knowledge than we, the public, are privy.
Combining this with the fact that the CEO of Datametrex increased his overall position in Datametrex by 1.6M shares my assumption is big moves are afoot.
The disposition of Ronin and the speculation in the investment community that Bitcoin will reach $100K this year leads me to suspect some future link between Ronin and GBLC. I have no knowledge of this. I'm just trying to read the tea leaves as best I can.
Holding Long - GLTA
Comment by
vantreehouse on Feb 11, 2021 1:37am
3.6M? that's a lot. Hopefully it's close to be over.
Comment by
Wormi12345 on Feb 11, 2021 1:51am
Yes it's over, because Ryu has no shares left We will see what are his plans in future. I think the will be news about about it soon
Comment by
TorlifTostorson on Feb 11, 2021 2:10am
Don't think about Ryu has sold to leave DM! He is still very close with DM. I mean first he owns millions of options and he attended past webinar and introduced Dr. Sharif. He is still with DM and will bring more business to DM in the near future. JMHO Torlif
Comment by
frm10328 on Feb 11, 2021 2:26am
Torlif, go back and read my original post. You will see I was pointing out that he is making strategic moves, not bailing on the company. He's in it for the long haul, as am I.
Comment by
TorlifTostorson on Feb 11, 2021 3:36am
Yes, I recognized your post and I agree with it. Personally I would say, DM is one of Ryu "Babies", and he does always his best to see it grow! I'm pretty sure he is doing strategice moves for DM growth purposes. JMHO Torlif
Comment by
ibsn4512 on Feb 11, 2021 5:31am
Should be noted that Ryu rolled most of the proceeds over to Graph Blockchain to exercise options at .095! DM owns about 26% of GBLC. A lot of moving parts, so folks may want to strap in!