Relentless insider buying by Director Honig continues this week, as he as now bought another 430,000 shares just this week in the open market. That should silence any doubters. The PEA will do the real talking when it is released. ($4.26 print this morning!)
The hit piece from my diligence had a significant amount of errors and inaccuracies. The biggest one being that, from my calculation, the company has raised over $76 million to date! Not the $20 million the author falsely claims.
Based on calculation of the filings, Honig has over $35 million invested himself with over a $4 average and has never sold a share since founding the company 5 years ago! This destroys any claim of get in cheap and get out early.
I also don't believe Honig has ever run a mining company, PGLC included. PGLC he is the largest investor and serves on the board. At interClick Honig was a founder and Co-Chairman, along with being an investor, prior to its sale to Yahoo for $270 million. At Chromadex Honig has been in it since its $0.14 financing pre split in 2010, or $0.42 today. He was formerly the Co-Chairman of Chromadex and is one of the largest shareholders still today. These are two boards in addition to PGLC that I have seen him serve on.
Betting on the money here!
