Let's put this to rest once and for all... I'm assuming no one here is an idiot who ignores reality, so I’ll take this from a position of education for everyone who is genuinely curious and a decent human looking to make good investments in this or any other company.
By definition, I am and every board member is an insider.
Reality: Neither I nor any board member has ever converted or sold a single share. Period. We hold preferred stock. No conversions, no common sold, no filings... because there’s been nothing to file.
So the next time someone throws around “pump and dump” or short-selling nonsense, remember... the SEC rules don’t leave room for secret selling. It’s black and white, and the filings would be there for everyone to see. They aren’t there, because it never happened.
Quick education for anyone confused (or pretending to be):
-- Form 3/4/5 Obligations - Insiders (officers, directors, 10%+ holders) must file Form 3 (initial), Form 4 (within 2 business days of any trade), and Form 5 (annual catch-up).
-- Section 16(b) - Any profit from buying/selling within 6 months is clawed back to the company.
-- Rule 144 - Insider sales = strict volume limits (1% of outstanding or 4-week avg. volume), manner-of-sale requirements, and Form 144 filing if >5,000 shares or >$50K in 3 months.
So if anyone still wants to spew "pump-and-dump" or personal gain bullshit after this, they’re either clueless, lying bastards, or both.
For everyone else, who I'm sure is the majority here just looking to put their money to work... You are awesome and I hope this helps a ton.
RJ
Bullish
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