Alternus Energy Inc. (fka ALTND)

[my2Mustangs]

Apparently "anther nice try" with "mistakes" that make it "wrong."

Rule 10b-18 states a company can repurchase up to 25% of the average daily volume per day.

First, I mentioned the 25% amount, that doesn't mean that Fabio bought 25% per day or ANY for that matter, as the only "source" like usual is Fabio. As the FACTUAL numbers below will prove, he didn't buy anywhere close to 25% per day during that period.

The lowest volume from 6/17 through 6/26 was 17042 shares. For simplicity sake, let's just call that the average for now. 25% of that is 4260 shares. 4260 shares times 7, for the 7 days spoke of in the PR, is 29,820.

Second, the date that Fabio stated that the buyback started was 6/20 not 6/17 as the date you used for your "DD" so your daily volume numbers are wrong and not FACTUAL.

Likewise, with the end date you used of 6/26. You're allowing 9 days between the dates but used another wrong number of 7 days because using Fabio's dates there is 7 days, but how many trading days in 7 days?

Third, how is using a 3 month average "more thorough?"

Fourth, I never said they exceeded the rules, I questioned what the percentage was, thanks for answering that question

Let's try using FACTUAL information instead of 3 month averages and pretending that over a 7 day period there are trades every day when in FACTUAL information for every 7 days, they aren't all trading days.
Here we go with some real factual information versus "3 month averages" and "6/16-6/26" and FACTUAL trading days.

Here's a link to the volume on the days that Fabio mentioned, 6/20-6/27

http://finance.yahoo.com/q/hp?s=WDASD&a=05&b=20&c=2014&d=05&e=27&f=2014&g=d

Let's try using FACTUAL dates, timeframes and daily volume.

6/20=35,300X.25=8,825
6/21= a Saturday
6/22= a Sunday
6/23=17,000X.25=4,250
6/24=21,400X.25=5,350
6/25=19,800X.25=4,950
6/26=36,000X.25=9,000
6/27=34,500X.25=8,625

So by using FACTUAL information and to "assume" that Fabio was/did buy 25% which by his own numbers he didn't even come close and we all know what happens when we "assume" that Fabio(the only source as the TA is still gagged)did buy back 16,000 during/between the dates Fabio claimed.

I stand corrected. Fabio could have bought back the number of shares he claimed bought back as I made a mistake similar to yours about the volume but I was remembering all the complaints about the very small volume over the last 2 weeks and should have gone back to the exact period of time.

But any buyback takes money and WDAS didn't even list a bank account or any other assets such as the licenses, etc. that Fabio claims in the 1st quarter disclosure except the $3.6M in "trades receivable" that Fabio PRd during the first quarter as "revenue" that would be booked in the 1st quarter. It was "booked" alright, but was it "revenue" as Fabio said, apparently it was not.

"Point is" that the only "source" for anything is, always has been and after a little more than 5 months, apparently ever will be is what Fabio says. Very typical for the typical stinky pinkies.

GL, this continues to be a share selling scheme with Fabio taking the same sort of "actions" that Vince has taken on his for the last 6 years, from "revenues" and "profits" PRd that don't show up in disclosures, to a RS, to a dividend and right on down to a decrease in the AS. Vince who apparently just gave Fabio his 50% of CellAd and 1 of his shell companies that was listed with another public company when it was World Acq. Inc. was renamed to another CellAd has used every play that Fabio is using, including being the only source to all the good "DD" that makes everything look "so good."

GL to the real investors here