Thursday, October 27, 2016 2:40:01 PM
FOOTNOTE 1
The 'core of the discussion in support of the escrow theory has, and always has been, asserted to be at the PIERS; with the following ASSERTIONS.
ASSERTION 1:
FACTS:
Total Number of PIERS = 23,000,000 shares
PIERS Traded
1/20-2/8/2012 = 795,208 shares or 3%
PIERS Not Traded
1/20-2/8/2012 = 22,204,792 or 97%
QUESTION/ANALYSIS:
To a reasonably prudent person, in the period identified, would one conclude that PIERS holders dumped ALL of their shares (3%) or PIERS holders DID NOT dump their shares (97%)?
CONCLUSION:
With the substantiated fact that 97% PIERS did not sell, the ASSERTION that PIERS holders dumped their shares during this time period appears INCORRECT to a reasonably prudent person.
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ASSERTION 2:
FACTS:
PIERS Trading Range
LOW: 1/20/2012 $2.00
HIGH: 2/2 and 2/3/2012 $2.86
QUESTION/ANALYSIS:
To a reasonably prudent person, in the period identified, would one conclude that PIERS traded at $1.00 to $6.00 per share?
CONCLUSION:
With the substantiated fact that PIERS traded in the range of $2.00 to $2.86, the ASSERTION that PIERS holders dumping of shares lowered to $1.00 to $6.00 appears INCORRECT to a reasonably prudent person. The actual range spread of $0.86, compared to the ASSERTED range spread of $5.00, would calculate to an 83% ERROR in the ASSERTED range.
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