RBY is planning to issue additional shares in order to fund the mine and save the jobs of management. Rob DID NOT want his equity diluted!!!!!!!!!!!!!!!! So he took his profits and said bye bye!! He was sick and tired of seeing the price of gold accelerate and his investment in RBY stagnant for over a year!! Bye Bye!!
I think it's time to put you on ignore. You seem to come up with a different negative reason as to why RM sold his shares on a daily basis with no substantiating evidence to back up what you are saying, other than your jaded point of view.
Management is only interested in themselves, not the shareholders!! As of 12/31/2009, the company had 5,755,000 options with a price of $1.46. On March 31,2010, the company increased its options by 43% to 8,226,000 at $2.65. Who do you think these options are for? Management and the Board of Directors!! To hell with the shareholders, to hell with diluting Robs ownership!!! The only words management knows is "Screw You"!!!!!!
If you are overweight and want to re balance, why not just sell half? More is going on here then he is saying. My bet is, he wanted to be more involved in management and the board didn't want that so he dumped.
It sounded like Mr. McEwen didn't have a say in the company.....no board position,no say...with all that money invested in RBY. He must have not liked the direction in which it was going. That just brings up more questions for me as to what Mr. McEwen didn't like. If he had of been happy with RBY and all, he wouldn't have sold all of his position....he would have reduced it, but he would not have sold it all.