RE: Reward Ur shareholders16 Mar 2020 10:41
It all seems to be stacking up to me.. They've raised money for the second time in less than 2 months specifically for the announced purpose of an RTO. If they were lying, all the directors would be guilty of securities fraud and whether you like them or not, they all seem to be respected individuals in their own way.... And they are prevented from taking down the placement as they are insiders.
Also, scratching beneath the surface, we know ome of them have been in this patch before, Nealon and Sibley in particular with Aquarius Plats. Then there's this character Greenwood who bounces in from nowhere, takes down a placement of 4.5%, then adds another 10% or so in the market, and at the nadir of the worst market panic since black Monday, adds another 4.5% in the second placement, and who knows, maybe continuing to add to his position.
To go from nowhere to 15%++ in a microcap in less than a Couple of months is either an act of remarkable stubborn stupidity, or inspired genius. Given MGs broking background you would have to err on the side of the latter. The placements have given us two pretty strong signs that something is up here. The third sign will probably be a suspension, by which time it'll be too late to buy. Not all business deals end well, however, stepping back and looking at this objectively, even in these disturbed days, you have to say that the old adage, "fortune favours the bold" comes to mind. So does " a nod's as good as a wink to a blind donkey"!!!!
Jump in, hold your breath and fill your boots.