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Re: BeamMeUpScotty post# 5840

Sunday, 03/11/2018 6:30:27 PM

Sunday, March 11, 2018 6:30:27 PM

Post# of 11360
When you say "they started selling". The company sold those shares last year and prior to angel investors for capital in a private placement structure all of which is in the filings for anyone to see,understand and make a decision before buying a share,right?Those "angel investors" had to hold on to the shares for a period of time by virtue of 144 or an exemption of 144.So some of those investors paid around .20 at the time others more which was no huge discount to market from what I see.If you bought at .20 last year and it went to $7.00 you would have been long gone right?So whats the problem with the angel investors getting out?That's what they do and you could have to without selling down here and trashing it after you did.
I was not a private placement buyer in this deal,but I have been in others