Re: find it interesting that RVXCF.....
in response to
by
posted on
Nov 10, 2022 01:35PM
I'm pretty much staying put for the same reason as most, as you stated. The fact the insiders that make up ~70% of the outstanding shares have not fled the scene, reinforces my position to say that they have much more to lose than I do. If the situation was let's say 10-15% insiders and 85% retail, I would have sold off my interest a while back. Because insiders would not have much at stake with the 15% ownership, it would make it much easier for the company to declare bankruptcy and retail would be the biggest losers. Nothing is a 100% guaranteed, but from my perspective, the ~70% insiders give me a level of comfort to stay put. Besides, I believe insiders, their friends and family members are the ones funding some of the latest PPs.
IMO ... Koo
PS: I have been buying at these levels.