Celsius Holdings Inc (CELH)

[mullimatt]

As a board/group, I would like to get to the bottom of the alleged insider dumping. It is a question that has been on my mind for quite some time.

CSUH issued a press release (June 15) re: this very issue: http://biz.yahoo.com/pz/070615/121455.html

According to SEC filings (also available on Nasdaq.com under 'Real-time SEC filings' section), there has only been one mention of insider trading.

Insider Trading:
June 4, 2007 - Jan Norelid (CFO) issued 160,000 shares to his family as a gift.

Current Holdings: (as of Aug 7, 2007)
Steve Haley (CEO): 26,744,926
Jan Norelid (CFO): 1,177,246
Greg Horn (Director, BOD): 4,830,122
Richard McGee (COO): 802,348


Anybody have an idea why there is so much speculation on the insider trading? According to SEC filings, only one trade has been made by the insiders.

I have a feeling that it has to do with the shell company that Elite FX teamed up with when they first went public (Vector Ventures).

I also think that the company may have been 'pumped and dumped' by an outside, third party (hence the mailings).

Thoughts?