Tuesday, April 02, 2019 8:02:37 PM
Don't get so excited, you're scaring me lol.
I wonder if anyone else is connecting the dots here, or if newbies are just blindly waiting for "it to pop!" so they can flip for beer money.
from the 8K filing today:
This is Frederic Telander, who apparently loaned the company $50K and then decided that he wanted shares instead of repayment with interest. It says right in the 8K from today that this is converting the loan that was stated in the subsequent events note 12 from the 10Q.
from the 10Q:
I posted this previously that I found from google search:
I compared the SactumAB info with the info from one of the financial reports(from one of INSTA's tweets), and the address matches with Frederic.
This is NOT a toxic note. He paid 0.0033 per share for (I calculate) just over 15 million shares! Frederic Telander is the nephew of Jan Telander (our CEO) and he used to be the CEO of Soltech Energy in Sweden. The website shows someone else is CEO now.
I don't know why he paid higher than the market price, but I do remember Jan either told me on the phone or he said it in one of the podcast interviews that his friends/family can't easily buy or sell OTC stocks in europe.
Well anyway, those are the facts, and another investment from the Telanders AT ALMOST 3X the market price at the time (around 0.0012) says a lot to me about their confidence in the business. If Frederic had any concerns at all, do you think he'd convert his $50K to shares???? At almost 3x market price????
I wonder if anyone else is connecting the dots here, or if newbies are just blindly waiting for "it to pop!" so they can flip for beer money.
from the 8K filing today:
This is Frederic Telander, who apparently loaned the company $50K and then decided that he wanted shares instead of repayment with interest. It says right in the 8K from today that this is converting the loan that was stated in the subsequent events note 12 from the 10Q.
from the 10Q:
I posted this previously that I found from google search:
I compared the SactumAB info with the info from one of the financial reports(from one of INSTA's tweets), and the address matches with Frederic.
This is NOT a toxic note. He paid 0.0033 per share for (I calculate) just over 15 million shares! Frederic Telander is the nephew of Jan Telander (our CEO) and he used to be the CEO of Soltech Energy in Sweden. The website shows someone else is CEO now.
I don't know why he paid higher than the market price, but I do remember Jan either told me on the phone or he said it in one of the podcast interviews that his friends/family can't easily buy or sell OTC stocks in europe.
Well anyway, those are the facts, and another investment from the Telanders AT ALMOST 3X the market price at the time (around 0.0012) says a lot to me about their confidence in the business. If Frederic had any concerns at all, do you think he'd convert his $50K to shares???? At almost 3x market price????
ALL IMO
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
