Food for thought10 Dec 2018 20:10
libel
noun
1.
LAW
a published false statement that is damaging to a person's reputation; a written defamation.
"he was found guilty of a libel on a Liverpool inspector of taxes"
synonyms: defamation, defamation of character, character assassination, calumny, misrepresentation, scandal-mongering; More
2.
(in admiralty and ecclesiastical law) a plaintiff's written declaration.
verb
1.
LAW
defame (someone) by publishing a libel.
"the jury found that he was libelled by a newspaper"
synonyms: defame, malign, slander, give someone a bad name, blacken someone's name, sully someone's reputation, speak ill/evil of, write false reports about, traduce, smear, cast aspersions on, fling mud at, drag someone's name through the mud/mire, besmirch, tarnish, taint, do a hatchet job on, tell lies about, spread tales about, spread scandal about, stain, vilify, calumniate, denigrate, disparage, run down, derogate, stigmatize, discredit, slight; slur.
I said I was going to lie low till news out but thought we should all bear in mind this is a public forum and it is not good to level accusations without substance. Substance there is none. We just do not know.
For what it's worth, although family of BoD could also be sitting on large holdings of which they may for various reasons have had to sell some, having loaded up when price was around .007 to .012 and still be selling at a decent profit today (as could many others). I for one do not for one single minute think that Zaza or SN would sell their own personal holdings after reinforcing the company's best practice rules as recently as September. I suspect that many including myself would have disappeared in a puff of smoke if we suspected it.
Life has a habit of throwing up events which require liquidation of part or all of investments (even to cover Coggy's 50p bets with interest). Although this appears to be one holder it might not be, however we are all pretty much agreed that although it has dragged the price down in thin trading while no concrete news delivered, this entity has not "dumped" their entire holding in a oner which would perhaps have caused more angst here.
3% of average m/cap over recent weeks, say very approximately $2m give or take does not justify the gradual decline bearing in mind not a huge difference each day between buys and sells. As they say it is an ill wind that doesn't do somebody some good. Like the mm's when this trend reverses. Or could it be that one entity is hoovering up a good portion of these large sells in smaller tranches.
Still cannily (to Scots that means carefully) holding on for positive news on a few fronts, Caymans or from Georgia. GLA and try to spread goodwill to all men (and women too of course). 'Tis the season to be JOLLY.
Our lives could be so much worse if we were holding onto the poisoned chalice like Theresa May is right now. Damned if she does & damned if she doesn't. She did not cause Brexit. Just trying v
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