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Re: Veblen post# 67487

Thursday, 12/18/2014 11:06:00 AM

Thursday, December 18, 2014 11:06:00 AM

Post# of 80983
So a 93% discount to market is stupid money for 300 million shares? OK, what's reasonable? 99%? And what does that say about the folks buying now, or not selling at 10 times $.005?

But the amount paid isn't the point. It's the fact that it's gone from JJ and there's no explanation from anyone in the know. Yeah, we can speculate all around about the possible explanations for why he dumped so much so quickly in the midst of this "great deal", but even forgetting the failures and questionable disclosures of the past, now we're in "elephants dancing in sneakers" territory.

Competing is intense among humans, and within a group, selfish individuals always win. But in contests between groups, groups of altruists always beat groups of selfish individuals.
E. O. Wilson