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skepticone

08/16/17 9:52 AM

#3670 RE: Stecker #3668

That is the reasoning I brought up in a previous post. Do you know if the insiders are required to file Form 4 if they exercise their rights and buy the shares? If so, I would be watching for them after the 31 Aug deadline. Also, (can anyone confirm or correct me?)I am assuming institutional investors have the same rights, so I would also look at institutional investors holdings to see if they took advantage of the offering. They may tell you if your thoughts about the offering were in line with theirs.

skepticone

08/16/17 9:55 AM

#3671 RE: Stecker #3668

See post #3656

Rhetorical

08/17/17 7:13 PM

#3676 RE: Stecker #3668

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.