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"We need to see Mrs Boughtwood buying back the shares that she sold"
She'll buy back in when there's a placing.
Total wealth you can see why he would say that though it has just created a situation where people can spread fear.. Until theres some kind of rns telling us why she sold them the way its been done suggests she may know what is coming and decided to sell and buy back after the event. who knows and when we get an explanation it will probably be a lie to smooth it over.
One thing is for absolute certain is they knew what they were doing
If they prove she's made money I think she will be in trouble
Insider trading very dodgy
We need to see Mrs Boughtwood buying back the shares that she sold ...with an apology...in support of the company and her husband. Will that happen ? Doubt it .
Absolutely agree @harley64, tbh I didn’t realise the pot of gold options they have.
Makes sense though, basically greed has clouded their judgement, whether MrB knew what Mrs B was doing we will wait and see, but I think the potential insider trading might be hard for them to defend against?
One thing that the Boughtwood's knew very well was that they require the £300k to to acquire there 1 billion share options at .03. Also a further 1billion at .06 on acquiring further contracts within the next few years.
My guess is that they very well know what large contracts are coming and where these Tesla trio are going to take this company and wanted to make sure that had a larger piece of the pie that was given over back in December.
One thing MB is not is naive. He is no stranger to the uk judicial process.
I hate to say it but yes punter, I agree he must have known. However I honestly don’t believe for one minute that he thought that selling a few shares on the quiet would cause so much damage to the SP. I will say again that it wasn’t the £152k worth that they sold it was the shorts that got triggered that did the real damage that then panicked investors into selling their shares.
You never know what personal reasons are for selling but my guess is that they were trying to get the funds together to pay for his options. In total he would need £300k to take them up.
I believe it’s just naivety on their part. A very expensive mistake for a lot of people however it’s good that we now know what the problem has beeen and hopefully the worm is about to turn
StayLong
Not a prayer my friend. He knew.
You would be extremely silly to sell at this price as we know it will rerate shortly only 2k sold, 152k spread over 3months is12.5k a week on average sold without her husbands knowledge........
...of course it is just possible it was done without Mr Boughtwoods knowledge but we can't know that until the facts are unearthed and the sooner the better.
Dunk_Biscuit - anybody with an ounce of common sense will be able to see right through you and your comments - designed I might add just to spread fear. I do not believe you hold a single share here with your deramping nonsense. The greedy and stupid Mrs B will be guilty of a crime if it's proved she knows anything. She has bought the company into disrepute and with it a few reputations. They must act swiftly, Mr B must fall on his sword, and you must be filtered.
As you are from this moment on.
I don't know Dunk. Let's ask the boiler room squad, eh? I'm sure the have 'all' the answers.
I agree that there is now a storm cloud hanging over the share price . What were the reasons behind Mrs Boughtwood's surreptitious selling ? Could there be a big dilution in the pipeline that caused Mrs Boughtwood to take this action ?
This to me damages short term confidence in this share. It needs to be sorted asap. Big questions remain. I can’t believe her husband did not know about this. And is there news around the corner? Only time will tell
If only it was that simple...... business acumen...... Honesty.. .... etc......
To be honest i couldn't give a fiddlers fart what Swazzers did or didn't predict although i am pretty sure he didn't predict Mrs Broughtwoods skulduggery. Most of us are here for the long haul and there is no getting away from it , either Mrs Broughtwood or Mr Broughtwood or the pair of them have let us all down badly. The rules are there for a reason and they apply to everyone so let's get to the bottom of it as quickly as possible , take whatever action is required and then get back on track ASAP!
But is Swazman the real Mrs Boughtwood?
And please bear in mind that the Chinese business people see honesty as a major factor in dealings
JC it may align with swazers prediction albeit he couldn't predict this event. So if sp tanks he will take the plaudits so to speak. That said he has been right about this companies share prices
That's true GL4. If this is not dealt now, problems will still haunt them regarding such. It so happened that Swazman predicted it and they think he's funny. Who's going to be funny now?
I don't want to say this, but investor confidence and company buy ins may be affected by the events that have occurred. The big companies have their ears to the ground im sure. I'm not selling my shares even though I've taken a big loss since the 3 amigos arrived. This is not de ramping just how I feel now.
Mr Boughtwood will probably be fired and Mrs Boughtwood will probably (hopefully) spend the next few years in prison.
I am gutted with this news but we all suspected there was a seller at loose, $152k sold in some weeks or 0.99% of the company is pretty significant. Hopefully once this news settles, we can start to reignite some momentum in the SP or hopefully a bumper RNS comes out to spring this into life. Either way, great top up levels and the narrative has not changed. I am just glad the crooks are caught.
Most likely fired from board and as a director. Re-hired as a consultant is the usual way of the world. It is up to the authorities to deal with the criminality of insider trading.
So what will the outcome be ? Does anyone know