Post by
2021Gamble on Dec 06, 2024 6:27pm
PP announcement
Well,as expected based on the last few press releases, Ron has antied up $75k to get the PP started
A few weeks back I posted a transaction on the ATS after market hours of a purchase of 1.5m shares at 0.05 - 1491k of that later disclosed as being sold by Ron
So sure, there are some that will focus o the CEO selling and pound that info only....
But for someone to sell, someone has to buy....
So someone bought 1.5 shares on the market
They paid 0.05 for those shares
They don't get a warrant, and they don't have a 4 month hold
So end of day, that leaves Ron wth slightly more shares in PHD (+9k), PHD has $75 in the bank.
There is still an active PP with the CEO leading the way.
So sure, I choose to focus on the person buying above market after close in a cross from the CEO - and why not - someone wanted a 2.5% stake in PHD and paid 0.05 to have it. Kudos to them.
Cheers folks
Comment by
KozmoT on Dec 06, 2024 8:36pm
Your part that said PHD had $75 in the bank might actually be close to the truth. They only managed $75,000 in the PP but as of Sept 30 they had $107,000 in Trade Payables but only $3K in bank so $75 in the bank ... good call. You must know something we don't know.
Comment by
givemeabreak1 on Dec 08, 2024 2:50pm
The 75K is needed to bring the property back into good standing payables be damned lol!