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Friday, April 27, 2007 2:15:24 PM
The sales of 200,000 shares at $0.05 brought in proceeds of $10,000. Some may say this is a small sum, so why make a fuss about this small sum?
What is the effect on the company and shareholders caused by the $0.005 share price drop? If the numbers of shares issued is say 700 million shares, the reduction is market valuation of the company would be $3.5 million!
Some of our long-time longs have holdings of more than a million shares. For each million shares, the loss in value would be $5,000.
Therefore, please do not just look at the $10,000 proceeds from the sale of the shares by a director ot his family members. What is the ripple effect of that sale? it is multiplied many fold to other shareholders!
A Director must remember that with perks and priveleges come DUTY and RESPONSIBILITY to all stakeholders of the company, and that includes shareholders!
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