Turbine Aviation Inc (TURA)

[investorx2]

Did not the old management rob the treasury of shares on the way out???

The OS increased by over 40 million shares just before the handover (from 50 some million to almost the max 100 million)
(I think it ended up 98 million out of a possible 100. Someone else is probably good at looking back at the #'s).

If they just awarded themselves these shares before they handed it over, then I suspect they are significantly responsible for much of the problems to set things right to go forward.

If 23 million shares have been reported cancelled then I suspect the old management has been the seller of the other aproximately 20 million shares at any price. (Keeping a lid on any price rise).

IMO this is would be a major reason for no appreciation in price no matter how many shares are bought. It appears to me they have had an almost endless supply of shares (20 million in a thinly traded stock).

I think it is that mysteriously quick OS increase in shares just before the takeover that have been haunting us. (It seems logical to me).

Frustrated but GLTA