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Friday, 09/01/2023 1:56:16 PM

Friday, September 01, 2023 1:56:16 PM

Post# of 27659
In order for insiders to be selling now there would have to be a filing, especially with the company up for sale. They own more than 50% of the outstanding shares so you wouldn't be able to buy enough for a takeover. They wouldn't let that happen. The las two springs the stock has made a pop. If they didn't announce a bid process in February, you probably could have gotten 6-8 cents this spring sometime even without them putting out PR's. Two and a half years ago it was trading at a price 100 times more than it is now. Now that's creating shareholder value.
If anything, I think Kempers friends and family are probably buying shares now. As siar said Kempers did buy more shares before they put the company up for sale. In one of the recent filings, he said they were in discussion with an international biotech company. That was worded differently than before.
The question is if they make a deal will the shareholders outside the inner circle benefit. I'm not sure how they could structure a deal without including us. My patience is running thin with management. Maybe we should take control of the situation. Give them an option of letting us know what's really going, sell the company by a certain date or we start a shareholder lawsuit and tie them up in court for years. They have more to lose than we do. Just a thought.
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