Last week, I along with other members of an private, social investment group I belong to, bought 5 1/2 million shares. I had started buying Regions stock back in February, and personally bought millions of shares. I am not, nor are the members of my investment group, "insiders" and only bought more shares because of the absurd low price, imo, and because I have invested in this stock only for the long term. I care less about the price today, or most of the whinning posts that I read from time to time. I had spoken with Jerry once back in April, and did not feel that this is a scam. I agree that it would be nice for him to have better info given out to shareholders, but I am more concerned that he and his associates spend their energy trying to build the company. I am retired, as are most of the other members of my group, and had originally decided that the concept of the company was valid. I hope I'm right.
I decided to post this information because of all the speculating about why so many shares were traded last week. I don't know who or how many people were responsible for the other trades.