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Re: investorcg post# 21386

Thursday, 01/24/2008 7:51:56 AM

Thursday, January 24, 2008 7:51:56 AM

Post# of 26529
wrong, wallst.net didn't pay anything for the 30mln restricted shares. they were given to them. wallst.net did not pay .0033 for the shares, and they don't have a .0033 cost basis. they paid ZERO for them, and thus anything above ZERO for them is money. heck, in 1 year, it could be worth .0001, and their 30mln shares would then be worth $3,000. that's why some PR companies in the past, would short the stock, to "lock in" the profit. i don't know what wallst.net is doing with their shares. heck, it also says in thedisclaimer that they could BUY SHARES. but i doubt it. no, they are probably selling now, although it's hard and almost impossible to prove.