Dallas - althought you are correct, I think that every adult in the room understands that all of these shares will be/have been sold immediately, regardless of whether the price was $1.50 or $2.01.
The filers did not pay for these shares. For over a year, they have been sitting down in NE Texas, dreaming of all the money they will get. They've probably already run up their charge cards in advance with flat screen TVs and new living room sets.
Even the foyer of Holly Springs sports a new marble statue or two.
I will bet you another pepperoni pizza that we will never see a single ammended 144 filing.
Deal?
Good stocks are obvious. Extensive DD is how you convince yourself to buy a bad one.