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Re: None

Tuesday, 07/15/2014 3:07:35 PM

Tuesday, July 15, 2014 3:07:35 PM

Post# of 29332
QUESTIONS ABOUT SALES VOLUME

Magna was eligible to start dumping their 100 million shares on 4/24/14, so I'm not totally convinced that now, 3 months or so later, they're still selling.

Another possibility is the company is selling shares to raise funds. According to Vans' post today (#16482) Russ was planning to raise $2 million in 2014 to fund the company's plans. They only raised $100,000 from the sale to Magna, so how are they to raise the additional $1.9 Million?

If the company is dumping these shares it may be quite some time before they are done and we start seeing news updates. I'm also getting nervous about the possibility of a reverse split after all this.

Responses welcome.
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