Thursday, May 07, 2009 3:25:05 AM
The whole time I was buying millions of shares I was promoting it to friends and family. I did not realize some of them were buying millions as well. There was discussion/spin of the insiders knowing something. I think that has proven to be wrong, no insider buying.
I think the 40+ million shares taken by the previous management at the sale, (of which 23 million were eventually cancelled), were what held the share price low at about a penny while they sold them for the cash.
There was spin that it was insiders holding the price down just to get more. It seems too many shares available at any price was the real reason.
Obviously it was all someones opinion and not the truth at all. It was just a lot of us unimformed buyers doing the buying on the hope and expectation that SmartWear/GLGT was working out.
Whatever happened was discussed and spun in all directions.
I certainly hope something works out with this new 'take over' company, (or the next one). I am just too frustrated with my shares, anybody want them???
All my opinion of course, Good Luck To All
PickleJar Debuts Nationwide Contest With Brian Kelley for Fans to Win a Three-Day Bahama Cruise • NREG • Jun 3, 2024 8:45 AM
ILUS Provides an Update on the Binding Term Sheet Signed with Actelis Networks (NASDAQ: ASNS) • ILUS • May 31, 2024 12:52 PM
Element79 Gold To Provide Summary and Update on Active Exploration Program, Community Relations at RMEC on June 4 • ELEM • May 30, 2024 1:18 PM
Branded Legacy Secures Exclusive Extraction Partnership with One of the World's Largest Kava Distributors and Producers • BLEG • May 30, 2024 8:30 AM
ECGI Holdings, Inc. Announces $2 Million Debt-to-Equity Conversion • ECGI • May 30, 2024 8:30 AM
North Bay Resources Reports Assays up to >25% Mg, 0.1% Ni, 0.1% Cu, 0.01% Co, 0.3 ppm Pt at Tulameen Platinum Project, British Columbia • NBRI • May 29, 2024 9:03 AM