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Alias Born | 04/22/2019 |
Tuesday, April 23, 2019 1:44:21 PM
We all feel your pain!
As for Lucas Hoppel, what you should notice is that he does NOT file 13Ds or Forms 4, 5 or 6.
What does this mean?
It means that he is NOT an affiliate nor is he a 5% or greater shareholder.
SO, every time he buys Cool Tech convertible debt or convertible securities from existing shareholders, he IMMEDIATELY sells.
You will notice a pattern of Hoppel buying a convertible security, extending the due date by a few weeks and the company then reduces the strike or convertible price by 50% or so for that several week extension.
Hoppel then sells that entire position.
Who wouldn't take that deal?
Of course, Mr. Hoppel may have a very serious legal problem if the SEC decides to investigate and deems him to be an underwriter !!!
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