Tuesday, October 09, 2007 2:27:54 PM
First of all, I know this has been stated many times, but by law the CEO cannot sell until 6 months after buying.
Let's assume what would happen even if he didn't abide by this law. If he dumps all his shares at .0002, he still takes a huge loss because of all the shares he bought at .0003.
What he might try to do is force a covering by showing the SEC his 4607% control of the O/S (on or after October 15th?). Then the company wins, retail investors win, and shorts burn.
Please don't buy or sell based on what I say because everything I say is IMO.
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