Looks like this board deteriorated into what is resembling a food fight, instead of food different kinds of BS is thrown around with very little useful information to be had. I thought I would talk to Rich Inza for a change to find out what is going on. Of course if you believe that Rich is part of a scam... and that Elvis is still alive, and that 9/11 was an inside job and moon landing never happened - please disregard this message.
- I spoke to Rich on Friday a few hours before the new trial date for VZ was announced and he said that it is likely that the dates will be pushed into summer because the defendants keep objecting to earlier dates claiming conflict with prior obligations. TMUS trial should be around the same time as VZ. No updates yet on Amazon.
- There are no announcements / letters to shareholders about behind the scenes negotiations and agreements because of very tight NDAs and attempts by the defendants to turn any advance and prior communication from the company against them in court. Rich said he cannot even comment about the figure in the income statement as to where it came from or whether it is a one time or recurring amount.
- There are negotiations going on that could make distant trial dates irrelevant (my conclusion from what was implied).
- Regarding insiders selling: there are only three people selling and it is not based on their expectations of some troubles and lower prices ahead – Barbara, Dennis and Kevin. Kevin is an unpaid director, selling little to cover his expenses, his selling doesn’t affect anything. Dennis is broke, needs to raise cash and has plenty more shares to benefit him later when the price is higher. Barbara is a special case. She placed her shares into a liquidation account earlier on and cannot stop selling now or it may be construed as insider trading if the stock suddenly goes up on good news. So whatever number of shares is still left in that account they will get sold whatever the price is, even if the price drops to below 0.005. Doesn’t matter how many capital letter posts some clowns will put up bashing Barbara and calling her names – it will have no effect on anything – she is not controlling the sale of those shares.
- By the time everything is said and done we should expect about 4-4.5 billion shares issued (fully diluted), considering warrants and options. So take that into account and stop complaining on a daily basis... unless of course you have nothing better to do.
