InvestorsHub Logo
Followers 8
Posts 250
Boards Moderated 0
Alias Born 01/21/2014

Re: Princster post# 43256

Thursday, 09/25/2014 9:32:40 AM

Thursday, September 25, 2014 9:32:40 AM

Post# of 44319
They needed to raise cash to pay off debts.

Did Adam really buy 100K worth of stock with his own money? If you read the messages here over the last day or so, there seems to be conflicting stories as to when he acquired the shares (recent SEC filings Form 4 and Form 5 seem contradictory) and someone has posted that the shares were acquired in exchange for LS Technology and Amonshare.

Your theory seems positive but unlikely to me.

You said:
I can see the A/S increase as a pawn for the next move. They needed to raise a whole lot of money for something and quickly considering they did not wait for the pps to increase even a little. Let's not forget that Adam bought over 100k worth of stock with his own money. I would not understand him splitting it and watching his money deteriorate even further. My theory is a split with some rather good news soon after.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.