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Tuesday, August 01, 2017 1:29:22 PM
I spent some time a while back going through every share purchase agreement between Schewe, Carl & Haris.
My calculation came up that as of May 1, 2017, Schewe had a price per share cost (since he started buying in 2012) of .0043 per share.
Not adding in the June & July share purchases, he probably has a cost basis of .004 by now.
If they have a way of getting rid of the stock they purchase at 80% discounts, they aren't filing the sales with the SEC, which would be highly illegal.
Chang has been dumping his 250+ million free shares. Last year, he dumped 50% of his holdings (per the 10-K). I can only assume he is continuing to sell his free shares. Chang is no longer an insider, so I don't know if he needs to file with the SEC or not. He is still the second highest shareholder (only because he was given 250+ million free shares). He never paid a dime for one single share (per the filings).
Rule #1 is never lose money.
Rule #2 is never forget Rule #1.
My posts are my opinions only. Do you your own due diligence.
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