mPhase Technologies Inc (XDSL)

[NoMoDo]

Actually, Scepter could pick up quite a few shares on the open market without reporting at all - legally.

This opens them up to a lawsuit.

If that is what is happening, it would be a really good thing for any current shareholder that holds on for the ride. I'd rather they buy on the open market to reduce the float than buy completely from A/S.

You would be right that the broker that purchases the stock with that type of volume would attempt to drop the price (and keep interest low) so that Scepter could pay the least possible for open market shares.

I personally am good with all the above if Scepter announces the reverse merger, and then puts out PR's explaining who it is and that the new company is very profitable. Maybe profitable enough to be able to buy it's parent company in China. They already said that they plan on buying the parent company, but didn't explain how they were going to do this.