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Sunday, April 24, 2016 8:21:35 PM
this company needed equity so they discovered a technology that could work for their equity needs to get to the big boards and establish themselves as a competitor.
A prime example of what I am talking about. Most investors would not put their money in a company that did something like what you are just describing, using a technology to get equity to achieve an ulterior goal (acquisition of other companies). Obviously some will, which is why this company exists at all at this point.
Widening the investment base will be difficult given their history of promotions and statements that are at best flirting with the truth. So far the investment base has appeared to be getting deeper not wider, I saw the other day many reports from people who said they had nearly 100% of their portfolio in this stock. Shareholder loyalty is strong, and that core of shareholders will keep this a viable trading vehicle for those who see what is going on. However, it's difficult to imagine Nelson recovering his credibility after what he did. At least he made a lot of money personally, and so did the financiers so he has that going for him.
That pattern is ongoing since they doled out some additional stock options close to the 52 week low right before they did the promotion last week with the ra-ra shareholder letter and the Cavuto interview. It's generally does not project a positive image for upper management to behave in such a way.
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