Monday, May 23, 2016 2:06:49 PM
Frost funded the lion's share for the company for years and got warrants before they were able to raise traditional bank loans and lines of credit. The rest to a lesser extent did the same.
They keep loaning the company money at low interest and either hold their shares or to a minor degree, gift them to charities.
They wiped out prefered share classes and forced the conversion to common shares.
It's a perfect penny stock ownership story of insiders holding the same common shares as you and I own.
Even when the PPS jumped over $2, the insiders did not sell shares then.
Who would have known better to take advantage of the situation, and they did not.
They keep loaning the company money at low interest and either hold their shares or to a minor degree, gift them to charities.
They wiped out prefered share classes and forced the conversion to common shares.
It's a perfect penny stock ownership story of insiders holding the same common shares as you and I own.
Even when the PPS jumped over $2, the insiders did not sell shares then.
Who would have known better to take advantage of the situation, and they did not.
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