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JustSomeFacts

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JustSomeFacts

Re: None

Thursday, 12/24/2015 12:08:17 AM

Thursday, December 24, 2015 12:08:17 AM

Post# of 19280
Dilution II

Much worry from a couple of Negative Nancys here about CEO selling stock.

On 11-6 he converted $108k of his unpaid salary to 15.4 million shares at $.007 ps.

SEC has a 6 month short swing rule. Any buy and sell by an insider in a 6 month period is prohibited. "punishment" for violation is all of the gain reverts to the company for the benefit of all of the shareholders.

Last 10K shows his salary at 120k per year so he put almost 11 months of his income into the stock. Not a bad endorsement. All of the talk about him selling at a lower price is crazy. At some point the loss would bring his wages for the year to below minimum wage level.

Just Some Facts
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