They are not buying. They are being awarded these shares as part of the incentive scheme.
Be very clear about that, they are not spending their money here.
If they had of been risking their money that would have been seen as a positive, but its not..
Arn"t you guys missing the point here?.
Management are selling shares that were optioned at 31 cents. Why are they selling at these price levels?. Does it not show that they have no confidence the price will rise higher than this?.
Looks like JCP have stopped buying. Pump manoeuvre is over, prepare for the dump.
The race is for who sells first the desperate investors or HTM management creating more dilution.
Reality check. If this gets anyway near $1 the HTM management will drop some or all of the 50M shares to dilute this company by 50%. Just you watch and see.
Raising additional finance without any clear path for creating additional revenue is never good.
Bear in mind this company has a LONG history of over promising and under delivering. All last year there was promises of M&A activity that never materialised, now its just not mentioned at all.
JCP is just a front man. They are acting as agents for a behind the scenes buyer who is more than likely just interested in HTM to asset strip the company.
NHS was HTM's largest and most profitable asset, thats now been saddled with debt. This is a game changer for our whale buyer. He is not interested in sitting around for 3-4 years waiting for a payout. He will be gone within 1 week from here, expect to see the 40's again when he leaves.
I expect JCP to ditch all there shares early tomorrow. Be prepared for a crash.
My guess is they were only going to asset strip anyway, saddling NHS with more debt won't work for them.
No surprise here.
When your $70M in debt already what you don't do is add an additional $20M. This management has totally shafted all shareholders yet again. In the past 2 years since the payout from settling NHS, this company has burned though $12M in cash. AND produced nothing, NADA, not a bean in additional revenue.
They have now strapped this company with more debt. $20M won't take them long to burn through, with pay rises and bonus's.
You are so clearly working for JCP, attempting to keep the price lower for them to buy more.
You started posting negatively here in March which coincides with JCP purchases.You have been outed. Please now leave.
The mismanagement of this company is now very clear.
Paying $0.5M in fees to a consulting company to tell them what they already know. Absolutely scandalous.
The sooner this BOD moves over and lets somebody else who is more capable run this company the better.
Also note the 2.4M share dilution to LPC this quarter. This is just the start of it.. Total MUPPETS.
Hoping it is so doesn't mean it will be.
Most holders will capitulate below 1$. Thats the smart move. Sell and move on..
There is no confidence in this management to deliver on any new projects. People are taking short term gains in the belief this will drop back into the 40's when JCP eventually gets bored also.
However IF JCP can get enough control to change the BOD to a younger more dynamic team, things could change. Until then its the good old boys in Boise, blundering on aimlessly, continuously pushing back development dates. But still being rewarded for achieving nothing. Shameful...
I honestly think Gilles could be out of a job very soon.
His $1M salary package without any results from pipeline developments is unacceptable.
Bring in the new blood, lets have somebody running this company that really gives a damn.
Watch out current BOD.
I guess this is JCP strengthening there grip here. the more they buy the weaker your position.
Thats great for current shareholders as you have totally mismanaged this company. Personally I would not trust you to pump up the tires on my bike. Your days of sitting back doing nothing are coming to an end.
Bring on some positive ownership.