Considering how much money David Foley made in the
Post# of 96895
(Total Views: 389)
Posted On: 04/11/2017 12:45:52 PM
Considering how much money David Foley made in the initial run up from sub penny to .17 by issuing shares to himself and then selling those shares, I don't see how providing confidence to shareholders by buying shares on the open market (and thus risk losing that money) could be detrimental. In fact, it would be one of the best news stories in a long time, alongside the amazing, recent information about our institutional investor (which I first provided in a post and then so swiftly was deleted for; go figure).
Don't forget about Royal Capital Group and Lisa Foley as well. Those shares are issued, not bought. It is a far different mentality to receive issued shares. When your personal finances are on the line, it provides far more incentive for the company to succeed (higher PPS). Insiders buy shares on the open market all the time to inspire confidence. Why not our own?
Also, you need to differentiate private funds unrelated to the company (David's own personal finances) and the funds within the company.
Don't forget about Royal Capital Group and Lisa Foley as well. Those shares are issued, not bought. It is a far different mentality to receive issued shares. When your personal finances are on the line, it provides far more incentive for the company to succeed (higher PPS). Insiders buy shares on the open market all the time to inspire confidence. Why not our own?
Also, you need to differentiate private funds unrelated to the company (David's own personal finances) and the funds within the company.
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