ETC entertainment media & telecoms corporation limited

re: $$.get set, ***toppick*** Well it was an OFF MARKET...

  1. 4,504 Posts.
    re: $$.get set, ***toppick*** Well it was an OFF MARKET transaction at 1.6c mate so it's NOT alarming to me AT ALL. Had he sold it down at market or lower than I'd be sh*tting myself but I know that's NOT the case.

    Once again the selldown is due to whoever took the 22.5mil shares at 1c announced about 1 week ago. He's been selling in BIG chunks and this his 3 or 4th BIG chunk that I've seen him take out at 1.3/1.4c! According to my calculations he would have only about 5mil shares left out of the original 22.5mil he got at 1c so I'd say the dumping is nearly all over. Once he's gone I'm sure the SP will head north for sure and especially if news comes out as well.

    Gonna ring Sam at the company to get an update but I'm NOT worried at all at the moment - All is well from what I understand!!!

    Good Luck
 
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