Friday, November 14, 2014 7:48:25 AM
On October 27, 2014, we sold 675,000 shares of common stock to eight persons that included a wholly-owned subsidiary of Holloman Corporation, certain directors and officers of the Company, and two non-affiliated persons. The shares were priced at $0.20 each. Proceeds from the private placement totaled $135,000 of which all was paid in cash.
And then went back to see what everyone wrote on the 27th. Interesting stuff. someone was talking about unwinding a large position, you talked about possible financing (good guess). Hope you fixed that little red wagon.
All this is extremely entertaining. I don't doubt that there was some shorting going on. I'm more concerned about what's coming down the pike. Watch price and volume, that will tell us all we need to know - and I don't mean little volume. MM's will do their best to shake out the weak hands prior to spudding - and they will - and it won't be just one day of trading, it will be several days of downward pressure. That's just the nature of the beast. We have a bunch of tightfisted investors who will hold no matter what, and we have some loosey-goosey traders who will sell it all at 25% or 50% profit - which will happen, and that's fine. Just have to figure out what's best for you - that's it.
The only thing I'm curious about is why they did a PP at .20? Stock was at .30 previously. Pretty sweet deal for the buyer.
Gen - with all you guys are holding, why haven't you squeezed them for a sweatheart deal? I think that's only fair.
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