Friday, February 06, 2009 4:48:49 PM
Good grief! The company told me Richard Gabriel announced his resignation last week. If that isn't something "going on," to you, well... I haven't alleged or implied anything that could even remotely be considered material nonpublic information. "Going on" is a general term... "what's going on there?," etc. I mean, clearly, what I said -- that I am not disclosing anything further at this time.
I'm only an insider in the sense that I own more than 10% of the outstanding shares, which merely burdens me with filing requirements with the SEC (Forms 3/4/5, and 13D,) and because I've been talking with the company, in recent days. When the company tells me something, anything, that isn't public information, I regard that as inside info. Whether it is "material" inside info., or not, I prefer to err on the side of caution, and assume that it might be considered "material." Hence, my precautions and disclaimers. I do not need to invoke any "boilerplate." I am not employed by the company, I am not on the Board, nor do I control the company. I am treating the information I do have, with utmost respect, as any investor with (potentially) material nonpublic information, is required to. There are no assumptions that are warranted. I've made that perfectly clear in my previous postings.
Daniel
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