AI
Sunday, February 04, 2018 9:35:25 PM
Rory Riggs Total: C$0.55 - C$0.62 Average
Following some of your guys DD here, it looks like
Rory Riggs is the Elephant in the Lab?
- Crunchbase https://www.crunchbase.com/person/rory-riggs
- Bloomberg https://www.bloomberg.com/research/stocks/private/person.asp?personId=164544&privcapId=172287796
He was even mentioned in that Fortune article? Can't find it right now.
Now I thought it might be a good idea to track his investment.
I used the SEDI database and pasted his common shares into my spreadsheet,
resulting in
- 9.1M shares @ C$0.6164/sh for C$5.62M
- 0.6M Warrants @ C$0.50/sh
- 1.38M Options @ C$0.1516/sh
Quite impressive.
Now let's see how well this correlated with Milost's probable first stake around C$0.23/sh based on current 20d VWMA.
Excellent I would say.
Note that usually only insiders and long term investors get those sweetheart deals,
you can't buy that much ATM anyways without the price going through the roof.
Sounds good too me, especially since he has increased his stake
lately by converting his Notes into common shares
plus recently new promissory notes @ USD $1 conversion price.
Following some of your guys DD here, it looks like
Rory Riggs is the Elephant in the Lab?
- Crunchbase https://www.crunchbase.com/person/rory-riggs
- Bloomberg https://www.bloomberg.com/research/stocks/private/person.asp?personId=164544&privcapId=172287796
He was even mentioned in that Fortune article? Can't find it right now.
Now I thought it might be a good idea to track his investment.
I used the SEDI database and pasted his common shares into my spreadsheet,
resulting in
- 9.1M shares @ C$0.6164/sh for C$5.62M
- 0.6M Warrants @ C$0.50/sh
- 1.38M Options @ C$0.1516/sh
Quite impressive.
Now let's see how well this correlated with Milost's probable first stake around C$0.23/sh based on current 20d VWMA.
Excellent I would say.
Note that usually only insiders and long term investors get those sweetheart deals,
you can't buy that much ATM anyways without the price going through the roof.
Sounds good too me, especially since he has increased his stake
lately by converting his Notes into common shares
plus recently new promissory notes @ USD $1 conversion price.
