GMC 0.00% 0.6¢ gulf manganese corporation limited

GMC moving forward, page-149

  1. 103 Posts.
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    I would say many of those people selling their shares right now.

    You must remember when Hamish came in, restructured the shareholdings then did the great reallocation/distribution of shares and options changing forever the control over voting.
    There were a huge number of shares and even greater amount of free options (or should we say for services rendered) given to the likes of Triple C and their preferred clients.

    Look back, a truly massive number of options, so what do you do when you have a massive number of options you can exercise at a price lower than the heads. You sell the heads for any price above exercise price take some money off the table (free money) and exercise the options.

    Money in your pocket lowering risk exposure and run with the new heads.

    Easy money and years in the making, yes and their initial outlay for this exercise was very low.
    Bravo to them...

    So like I said probably the sellers of those shares
 
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