Yes. That is very big. Leaves 1 option imo A) some of these big trades are big buys. People in the know taking huge positions. Placement shares going to lucky insiders. B) pre selling of another placement to an mm who is happy to take a giant position on a high risk stock, that they (or other) MMs are already long on. THIS IS NEVER GOING TO HAPPEN - HENCE 1 OPTION. It's good news imho :-) Ig Ps. Mms ... m&ms ... :-○
I was hesitant to turn the lights on this morning thinking she was going to be horrendous. Turned out to be alright in the end !
SN ... in my view is holding all the news back until he squares away all the potential pitfalls that could collapse the company. He has been bitten once before where he lost a fair whack of money and time. I wouldn't be surprised if he's asked the GG to hold onto the rebate etc so that he doesn't have to release the news. He believes in this company but won't risk his RPN conversion until he is 100% sure that it won't fail. He has paid the price for keeping the SP down (and so have we!) and under control but has had little option in order to keep the work progressing. Most of the agenda is close to completion IMO and so we should make up ground in te next few weeks!
Placement was for 753m. YA agreed to place these shares at 0.07. They offloaded 482m to an MM on the 20th at cost and have since offloaded 225m at a tidy profit.. That leaves just 46 mill. The magic number is xxx060
Tally number 2 is the MM moving these on. I would not be surprised if the new posters drumming up big volume earlier in the week were somehow employed by the MMs. Or YA. There were 2 magic numbers from the 482m on 20th (xx286 and xx571) We saw the first number on the same day (20th). The more recent transfers are rounded 125m & 100m so no magic no.s to watch out for. The total volume count for the MMs selling the 753m shares is harder to track. Of 753m I reckon we're only up to 400m max
Another alternative is that the 100m or 125m were buys. I'm too grumpy to hope that's true. It would mean YA are still holding stock (the balance of the placement - which 'exist' as of today), and that they had a ready buyer for some big chunks of the placement.
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