PMX Communities Inc. (fka PMXO)

[eik]

My point was not that Mr. Goldstein is selling shares. He definitely can do this (getting double and triple return on initial investment even at these depressed prices). My point was that management was lying to us all along. Was it only about insiders sales, or...?
BTW, does it matter where he pulled the shares from: left pocket (33 mln) or right pocket (~1,6 mln)? Actually, reading last 10-K we can guess that he used the following scheme: in 2013 Mr. Goldstein loaned the company $54,500 in a series of 9 promissory notes. The notes each have a 6-month maturity period with an annual interest rate of 5% and 10% after the maturity date…. As the company doesn’t have cash to pay principle and interest it converts promissory notes with a principal and accrued interest balance into shares of common stock at approximately $0.01 per share. One could sell them with 100-200+% profit multiplying that principal and 5-10% interest by factor of 2-3. Not bad, if you ask me… And again, of course, he can do whatever he wants with his shares... no law is broken, he is a lawyer after all. :)