In fact, in recent news releases Loftwerks has announced that insiders of their company hold more shares of their company’s stock, than have actually been issued. CEO Dennis Ammerman stated, "Insiders decided to buy more shares than are legally available. There is no stock definition for this type of buying...
This is one of the most absurd statements I've ever heard a CEO make. The "insiders" are HIS insiders. How, exactly, did they come to hold more stock than he issued?
My guess is that he's got himself into a mess with toxic paper and doesn't want to take responsibility for it.
One thing's for sure: he's absolutely clueless about how the market.
I trust I don't have to say anything about CMKX, one of the most elaborate penny stock frauds of the past few years.
