DD Support Board and Research Team

[trader59]

No,

He personally bought those shares, they are his, he neither owns nor controls the company. Should he choose to return them to the company, whatever he spent on them instantly disappears. $80k? That would be monumentally stupid, considering he doesn't need them to control the company if he can obtain those preferred shares.

Or, he might just be letting imaginations run wild in the OTC (not that it's ever happened, LOL), seeding that with a weird statement on a form he didn't have to file (and had to file the correct one later), hoping the resulting chatter will drive the stock he bought in trips will run up 10X or so. Once he "discovers" he's not really a beneficial owner (ie - the O/S is way higher than it was in 2016), he can sell that stock he bought without a word. An example of "imaginations run wild" is the notion he personally bought shares of common stock in order to return them to the treasury once he gains control.

He either doesn't know what he's doing, or he does...