OTC- Based on the Q1/Q2 financial reports, there
Post# of 56323
Posted On: 09/17/2014 8:34:11 AM
OTC-
Based on the Q1/Q2 financial reports, there is still a considerable amount of money left to be received from the $20M private investor. With this stream of cash still available, why would insiders sell shares to finance the company?
I can see where they (the insiders) would not want to use every last bit of this funding and force their hand to find additional financing or selling of their shares, but there should still be a substantial buffer amount based on the balance of the $20M due to be provided. Further, I would imagine a great majority of the construction/acquisition costs have been paid, leaving remuneration and fixed overheads as the largest costs to the business currently. At this point in the company development, I don't believe these costs to be that substantial.
Regards,
-kbulldog.
Based on the Q1/Q2 financial reports, there is still a considerable amount of money left to be received from the $20M private investor. With this stream of cash still available, why would insiders sell shares to finance the company?
I can see where they (the insiders) would not want to use every last bit of this funding and force their hand to find additional financing or selling of their shares, but there should still be a substantial buffer amount based on the balance of the $20M due to be provided. Further, I would imagine a great majority of the construction/acquisition costs have been paid, leaving remuneration and fixed overheads as the largest costs to the business currently. At this point in the company development, I don't believe these costs to be that substantial.
Regards,
-kbulldog.
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