Exobox Technologies Corp (EXBX)

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wake up people



Rampant Insider Selling Raises Red Flags - AP Reports Major Corporate Execs, Including Some From the Homebuilding Industry Are Dumping Stocks - Serious Predictor of a Coming Crash - Special Commentary by Michael C. Ruppert http://www.fromthewilderness.com/free/ww3/121504_insider_selling.shtml

[In 2000 and 2002, as the US financial markets tanked, investors lost trillions of dollars in equity as stock prices plunged and investment portfolios - many connected to pension funds - lost trillions of dollars in value. What was documented in both cases was that senior executives at many of the twenty or more companies involved (WorldCom, Enron, Adelphia, Merck, Global Crossing, to name a few) had engaged in a tactic called "pump and dump" just before the stock prices collapsed. Stock prices are pumped up by the executives and key insiders who then sell at the peak before everyone else gets reamed.

In a pump and dump operation, those who can influence stock prices issue glowing reports which cause investors to put their hard-earned dollars into a stock right before it collapses. This is a wealth transfer from poor or middle class folks to the absurdly wealthy. Immediately prior to the stock's collapse, the guys on top cash out and then the price plummets. The bad guys have the cash and the little investors and pension funds have nearly worthless or severely devalued paper.