E3 Lithium Ltd V.ETL

Mikey's Dumping....

[PuerSimia]

Filed 2024-01-12 11:56   Tx date 2024-01-12

$ETL E3 Lithium Ltd.

O'Hara, Michael 4 - Director of Issuer Direct Ownership

Common Shares 10 - Acquisition or disposition in the public market

$-154,080 -72,000 vol $2.14 each

345,000

[Arvid77]

Not really. He exercised options for 100k shares, and then sold 72k of them. Still up 28k net, for a total of 345k.

[sicnarf2]

If this is so good why would he sell any at todays cheap price ?

[Arvid77]

I never said it was good, just not exactly 'dumping' shares when his overall holdings went up by 28k shares. Exercised the options at 1.38, sold them at 2.14.  Realized a before tax profit of a massive $54000. I see nothing nefarious here. 

[PuerSimia]

I agree, nothing nefarious going on here, but selling 72,000 shares in one day when there's little buying interest? Little consideration to us little guys.

[MrPeters]

LOL thats too funny. you think your involved with ChoirBoys here? Everybody here is trying to make moey. Not friends.

[PuerSimia]

Profit it good, that's why we do what we do. Keeping that in mind, don't you think he'd maximize his profit on those shares if he sold them over the course of 2 or 3 days? Keeping in mind how low the trading volumes have been lately.

[TheWokeLemming]

  not nefarious but I'm still vindictive enough to look forward to voting against future options.  O Hara is well overdue for a permanent dumping.