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Monday, September 22, 2008 4:55:21 PM
What my post should have said is:
"Darn tootin' that's some impressive investing.
Now imagine BIPH insiders doing the same thing with $10k to $100k every day for the next few months, preferably with the company's money and then retiring those shares. Even using their own money, the odd $1,000 here or there every couple of days, and putting it aside into a 401k or an IRA would be a huge statement of confidence.
The pps would shoot up, the number of shares they'd have to issue to their "sewer rat" associates would decline dramatically (even if they didn't use those shares to pay them off with) and they wouldn't have to issue the extra 625 million shares they are so desperate to get approved.
Why don't they? They sure as heck have got the money, and they don't seem to be doing anything else with it in any kind of hurry.
Go figure."
Now perhaps you could explain why this "same old buy back bs" as you rather impolitely describe it, is not a better strategy than diluting the existing shareholder base into oblivion while blowing the pps down below fractions of a penny as a obvious consequence of the 357% dilution proposed by the current "management".
PS, as somebody has already noted today, and as I have noted previously, Messrs Weiner and Lanzafame go a long way back together. They worked together at TI and at Natural Nano, and Weiner brought Lanzafame into Biophan. I'm afraid the old three envelope trick (ask me if you don't know the story) has no credibility here.
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