1. He hasn't paid any / enough tax on his salary and this is one way to raise the funds
2. His touted efforts to get Korean or Chinese support came to nothing so the sp won't have any support anytime soon
3. An MD selling off shares at a low sp of 0.004 when the average sell had been at 0.005 was the best the brokers would offer for this quantity and he had no choice considering no.2 above.
4. A potentially concerted effort to drive the sp down by instilling a lack of confidence so the same 25M could be re-bought at 0.002 and he still ends up with $50K profit
5. Remaining tenements have been sold off and administration is on the horizon but the market won't get to know this until the Board have offloaded all their shares
No.5 would warrant jail and seizure of assets most likely so I'll go with No.1 for now.
Time for a legitimate shareholder/market update without the usual BS trappings as to the immediate business at hand IMO
PDY Price at posting:
0.4¢ Sentiment: Sell Disclosure: Held
