Interesting Comments... I had been wondering for the last couple of days if it was the Ex-Employee Shares being pumped through.
Not too sure if I am willing to think to hard about what an Employee dumping stock this close to what we believe to be the "Eleventh Hour" really means. Surely this person would be aware of what is happening over there. Why not just wait a week or two?
I was led to believe that the purchaser was an already large share holder just topping up... Are the facts different?
Are ABNamro closer to the action than others for any reason?
Hrrrmmmmm my comfort level just moved a little...
Look forward to hearing some comments!
agentm
I am just going to keep my mouth shut in future and stay away from the wine and WEB combination lethal specially when recounting info
nerves..???
we just saw the brokers let the shackles off and the share traded finally into free territory..
nothing has changed..
absolutley cant wait for the next few days to arrive..
The only other logical reason is a margin call. With all the speculation and hype this stock has received I would expect that some are geared to the hilt with the hope of a get rich quick investment and we all know that hasn't happened. Time runs out for those with borrowed money,rising interest rates and a falling market. I'm sure there are a few followers on this forum who have their fingers crossed this week.Metron,
I also fail to see the logic behind someone dumping at least half a million shares just before an announcement is due unless they are expecting bad news.
If indeed the seller was the ex-employee who cancelled their 1 million options as well, you would think they would be more in the know than your average punter!
I am yet to meet the person who doesn't like to make money - so why sell now?
Eva
Hi All,
I hate conspiracy theories, however I am a believer that where there's smoke there is fire. And I am wondering if this may be a small whiff of smoke... Still nothing to hang your hat on though.
I am beginning to wonder about the certainty of the Cross Trade. I called the broker I use this morning and they claim that is takes them 3 days to be able to even see the brokers evolved and that any information beyond that is very sketchy.
So, unless someone can say with certainty otherwise I assume it is nothing more than suspicion that the large chunks of stock belonged to the Ex-Employee. And therefore maybe all is well.
However... AgentM alluded that he was aware of the purchaser and it appeared at the time that others were firmly of the belief that the shares in question did belong to the ex staffer and that ABN Brisbane were somehow evolved.
As I said in my earlier post, On the surface EVERYTHING ELSE all still looks dandy and I *think* I am still of the belief all will be well...
I sincerely trust no one takes my thoughts the wrong way here... and like I said before too, this could be a manifestation of what I like to call Sugarloaf Syndrome!
I believe that ADI is most likely the best managed company.
EKA is currently a SL/SK only prospect, and AUT is in many TCEI drills. EME is UK so I haven't looked into its others projects.
But I think the best leverage is through EKAO! But of course with more leverage comes more risk, and downside should the unthinkable happen and the field balls up!!
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