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Sunday, July 17, 2022 8:15:31 PM
alot of talk about a pump and dump.
Here is a cut and past from a resent interview with Gene.
Tony:
Q. Is the management or the insiders selling any stock and if so, how much?
A. All the stock held by management is restricted common stock which means that it is not able to be sold unless the restrictions are removed. All these stocks currently have a two-year holding period before they would be eligible to be deposited for sale. Furthermore, if the restrictions were to be removed, all insiders are limited to selling only 1% of the outstanding shares in any 90-day period. To date, no insiders have deposited nor sold any shares.
So the question is, why is pump when you can't dump? Management is under a sell restriction.
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