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Sunday, April 10, 2016 1:45:50 PM
I have never seen a company keep a 90mill A/S since inception (9years), let alone never perform a Reverse split. This to me makes any "pump and dump" by the company seem ridiculous.
ASUV was a heavily pumped stock at back in 2013, easy to see. What you will find out though with some digging is that Harmonic signed a deal with Rene Bellinger. They also gave her 4mill shares as a consultant for the company. Rene however decided to pump for her own rewards instead of fulfilling her agreement.
Important to read is that it states a "shareholder", it does not say the company sent out these emails. Facts are that Harmonic was a startup company as you can plainly see, it did not have revenues, as most start ups dont.
The CEO owns 40% of the O/S, so pump and dumping would be bad for him as well.
Other facts. Since 2012 the O/S has only went up 13million shares. If there was a pump and dump performed by the company in 2013, the O/S does not reflect this. A/S has never changed from the original Articles of Incorporation of 2007. There has never been a reverse split, but has been 3 forward splits. Back to my earlier statement I have never seen a company keep a 90mill A/S since inception (9years), let alone never perform a Reverse split. This to me makes any "pump and dump" by the company seem ridiculous.
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