YBGJ(.088)...$2.3+M of shares moved.......
On Friday, an entity controlled by the CFO sold 4,278,000 shares at 50 cents ($2,364,000). This was part of the proposed insider sales disclosed in the S-1 filing that finally was declared effective by the SEC on July 29. Next large insider sale might be a 5.7M block at 50 cents, from an entity controlled by a YBGJ director. The only other proposed insider sale is a 1.7M block from Cheung Ho Shun (but there is a possibility that he has changed his mind about selling, since he indirectly purchased an additional 1.6M shares at 50 cents about 3 weeks ago).
In my opinion movement of these large amounts of shares at the fixed 50-cent price is encouraging, especially in this difficult market environment. After these insider sales, I am semi-expecting to see an additional infusion of capital into the company at 50 cents at some point, to go along with the $819K earlier this month.
