InvestorsHub Logo

eik

Followers 85
Posts 6119
Boards Moderated 1
Alias Born 10/24/2005

eik

Re: Navyvet004 post# 5300

Wednesday, 09/10/2014 6:15:16 AM

Wednesday, September 10, 2014 6:15:16 AM

Post# of 6413
Just one remark... Mark and Meris don't really need higher PMXO prices to be "able to sleep". Mark Goldstein bought his initial 33 mln shares at 0.00176 (almost 10 times cheaper than current price). Also, every time we hear that PMX borrowed some cash from "major investor" it means that Mark invested another couple of thousands into short term "promissory notes" and will be paid back by cheap PMXO shares (5+ mln shares at 0.01 last year). He didn't hesitate to sell them last time. So, assuming that PMXO is a failing enterprise (which may or may not be correct) all this "founding family" needs is a trading VOLUME to be able to get out. They don't need any rally. They are deep in the green already.
IMO.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.