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Re: Stecker post# 3668

Thursday, 08/17/2017 7:13:52 PM

Thursday, August 17, 2017 7:13:52 PM

Post# of 6602
I think your comment was spot on because look at how many shares Russ still holds. 278,932 as of 8/15

https://www.sec.gov/Archives/edgar/data/1549084/000145524417000017/xslF345X03/edgar.xml

Actually, there's a good possibility that Angold is raising money to participate in the rights offering at $1 per share. Even if you are high up in a tech company, most people don't have $278,932 dollars sitting around to buy more shares at $1 a piece (and the number was higher more recently of course).

My father was CEO of a public company for multiple years before he bought a used luxury car. Successful people are largely pragmatic. Bill Gates still wears jeans.

So after much consideration and a few calculations: I'm not worried about Russ' sale short term at all, in fact I'm actually excited by it. Time will tell.

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