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Re: CaptainJim post# 29550

Saturday, 10/18/2008 9:19:50 PM

Saturday, October 18, 2008 9:19:50 PM

Post# of 40627
Cap'n - I was thinking along the same lines. My understanding of the capital markets (i.e. going through IPOs via my public accounting career) is that the Investment Bankers (or probably in this case the MM's) pay the company issuing the shares before the shares even hit the market. (Thus the term primary market.) Us little people buy the shares on the secondary market from the MM's.

Therefore, they should have had the cash prior to any selling of shares on the secondary market. Maybe the pinks work differently from the big boards, but I would be surprised if they did.

(PS. My first post. Been lurking for awhile and have a small position in this stock - 13 mil shrs. Just a lottery ticket at this point. I followed a few GSPG followers over here.)

Kudos to the folks setting up the renegade shareholder meeting. I've never quite witnessed something like this before! Is this a stock or a soap opera! ha. We are being entertained for our money at least!
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