On the evening of the 14th pennstreet made 3 posts: 6:47 pm, 6:52 pm and 7:08 pm. In the post at 6:47 pm pennstreet said:
On the evening of the 15th pennstreet made 3 posts: 5:07 pm, 5:17 pm and 11:51 pm. In the post at 11:51 pennstreet posted:
On the 16th pennstreet made no posts. Probably tuckered out from all that handshaking and deal-making.
On the evening of the 17th pennstreet made 7 posts between 10:55 pm and midnight. In the post at 10:55 pm pennstreet posted:
Apparently the lenders felt JB had neither the character not the integrity to secure funding.
At 11:18 pm pennstreet posted:
Nothing more than carrotization.
During the early morning hours on the 18th pennstreet made 5 posts between 12:14 am and 1:59 am.
At 12:21 am pennstreet posted:
An 8-K did in fact come out on the 16th of September to report CDEX did attend the NIBA conference. WOW!
At 12:35 am pennstreet posted:
On September 18 the volume hit 57,000 shares. Otherwise, between September 19-30 the volume did not exceed 23,700 and closed between $0.07 to $0.09 per share. Apparently the bankers did not like what Bumfield presented.
An 8-K came out on October 16 to report the “selfie” by Bumfield and PEMCO.
So what we have seen is that during those days of the conference, no posts were made during normal business hours... hum. And, apparently the CDEX presentation was not well received, there were no choices of loans for Bumfield to make, and in fact no loans (not counting the selfie) have been made.
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