PharmaCyte Biotech Inc (PMCB)

[DragonBear]

Well...many seem to think waggs is selling shares to fund the company/trial/vacation....

Our hero can sell his shares up to 1% of the O/S per quarter.

if this true then the share count must be approaching 1b...no?

Considering the O/S was 872M as of last 31-Jan it wouldn't have much distance to travel. Try contacting the TA for the current O/S count. If not gagged by the company a TA will tell ya.

....of course some of it being flipped shares

Most are probably retail trading. The insiders usually wait to issue a PR pump first.

but if waggs is selling shares over 4 or 5 month period for funding purposes

As in SG&A, and compensation expense. Kenny collects his $375K salary out of the stock the company is selling into the market. And receiving a continuous rate of 300K shares/month to be sold after a 1 yr holding period. Review the compensation on page 23 of the last 10Q. Quite a gravy train Kenny has setup for himself.