bank, this begs the question... why would the largest shareholder be unloading shares? The filings tell us this is almost certainly the case. It is hard to imagine an error of that magnitude in the filings.
It was reported here that Mr. Maguire was praising management at the SHM, but I was a wee bit skeptical of that report. After all, it was also reported he was trying to become a director at the time. Since that hasn't happened, perhaps his outlook has changed and he is moving on. If he had issues with management, airing them at the SHM in front of shareholders wouldn't be a smart move if he was a director candidate. Better to do that after becoming a director, so naturally one would expect him to show full support at the SHM. Perhaps it was his issues with the company that kept him from getting the approval he sought.
That begs another question... why wouldn't management want him as a director? He seems to have deep pockets (a great source of funding), and well established business and political connections that would seem to only benefit the company. It was also reported he was one of those primarily involved with setting up the relationship with Space Florida, something that was already in the works prior to the arrival of the current management team.
In light of the positive news recently, I still have to wonder why the largest shareholder would be reducing his position. We will have to rely on future filings to know if his share reduction continues.
I apologize for the long post, but I am limited to 3 posts per day. It's good to see the increased volume and the share price rising. Yet I remain skeptical. Talk is one thing. Results are something else. Much of my skepticism will be removed when I see research funding or contracts for airships, or a substantial increase in revenue and business from the GTC subsidiary.
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