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Re: 1manband post# 2080

Friday, 09/09/2016 5:45:59 PM

Friday, September 09, 2016 5:45:59 PM

Post# of 2094
Good reply. But with the debt payment due in December 7th of this year why the rush into BK in April... They still had time and even stated that. The Greek investor sold and the upside down flag shirt issue, hindsight I can see now that they knew what they were going to do and the 10/15 10Q and last conference call was a charade. Not sure why G2(Greek investor)bought all those shares in the first place? He was even on the Board because of his big purchase. This Greek investor apparently still owns millions of PSUN shares, unless he dumped them on the OTC? Be interesting to find that out.

I also noticed all the millions of shares Adage Capital owned, they sold right after the BK notice. I wonder why they didn't sell at least some before? They just dumped them at the last minute like that. I called their office, but they didn't answer and didn't return my calls.

The insiders knew in advance what they were going to do, and it did mislead shareholders. Apparently they don't have to repay any of the loan or even the $27 million of payable-in-kind interest. Writing it all off as forward looking statements or uncertainties when they already had their plan in action is fraud.
So I don't think it's text book example.

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