When the company (or CEO) says they are not selling, it is a play on words. Actually, the entity that bought a convertible note is doing the selling. So, technically, the company is not selling. They sold a long time ago, when they sold the convertible note.
I laugh every time some one gets a response from a CEO about the company or he himself selling shares. Actually, if the company wants to sell share from the treasury or a corporate officer wants to sell shares, they have to file with the SEC to do that. To get around that and as a matter of expediency, they sell convertible notes and discounted shares hit the market.
In addition, if you read the "Notes Payable -Related Party" portion of the 10Q, you will see a lot of notes like these....
"Various promissory notes as of September 30, 2014 exchanged on January 1, 2015 for Convertible promissory notes payable to NFC III LLC bearing interest at 8%".
And if you want to get technical with the semantics, insiders could still state that "The Company" or "CEO" was not selling shares. But, the entity of that "Related Party" was doing so.
The point is, shares can be dumped, even by "Related Party's" and company insiders could rely on semantics to say they were not dumping.
WE MUST ALL REALIZE THE DIFFERENCE BETWEEN HOPE & EXPECTAION BASED ON GIVEN FACTS.
