Ann: Issue of Securities Complete 3B, page-62

Im going to respond your questions one by one

First question, exactly right (YES).
just put your self in place of ORD, which is considered as smart money. you wanna make profit and not going to loss money. You also have huge information about stock market with heaps of experience. then I'm going to explain more;

you have two kinds of holders. retailers and instos. Managements are always care about smart money that come from instos and looking at retailers as holders of share market. retailers can not move SP higher but instos with smart money can PUMP SP very good because of money they have.

management always hiring brokers for controlling SP and getting funds from them. In $IRC case Hartleys is a lead broker, which also doing buy and sell shares for directors. If you are going to see my broker data, you can consider that Hartleys always sell shares with higher prices.

during the time you mentioned only Hartleys is selling 350K shares, other brokers and retailers didn't sell this amount of shares. Hartleys also sold shares continuously during  last month for controlling SP lower than exercise price in favor of ORD and against retailers and other brokers to not exercised their options.

why management exercised 250 K of options. because of selling signal to retailers that we are always thinking about increasing wealth to shareholders and blah blah blah ...imo, today part of those exercised options dumped by retailers. In the next few days broker data would prove it.


Second question. ORD is not management. ORD is a broker with smart money to make change in SP in favor of its pocket. Increasing SP is in line with management needs. Therefore. management is helping ORD as much as they can.


Third question. ORD is creating PUMP by herself or making advantages by upcoming news in order to sell her shares.

Question four. Hartleys is lead broker of $IRC and following directors. Hartleys efforts may help ORD in some stages. (Based my own experience in brokers, they are always sharing information and helping each others).

Question five. exactly right