What has me puzzled is;
In order to sell his shares at any price, someone has to buy. Would it be worth the $50.00 gross for a .001 increase in price on 50,000 shares....Not for me.
At the current activity and price level, it would take 20 days to sell 1 million shares at 50k shares per day, with a gross profit of $1,000 .
This would put Mr. Sandler at a minimum 600 days, or 2 years, to sell off 30 million shares alone; And that 30 million shares would gross him a cool 30 grand in profit.
Don't get me wrong Pumma..... I believe Sandler is dumping. By the looks of where RRGI is today in combination with [his] attitude, the above scenario seems like something [he] would attempt.
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