Thursday, May 07, 2009 10:43:41 AM
they do not report to sec, so there is no real way to know about inside trades, in example, paying individuals for "acquisitions" and whether or not they turn and dump them into the market.
there is also no way to know if the stock paid out had a restricted legend because at the time the ta was gagged. the ta is responsible for putting that legend on the stock. can we find out now? if it is really ungagged probably. no solid details of the deal have come to light so they couldve told us restricted shares and then at the last minute changed them to 300 million regular, unrestricted shares. safe harbor lets them do it, as all pr's are simply forward looking statements that may or may not be true.
restricted stock, if i am not mistaken, doesnt have to be counted in the a/s under rule 144 until it is unrestricted and available for resale into the market.
we still have to figure out where the additional 300 million went during the gagged ta. so it could be vert selling them.
do your own research, this is all my OPINION
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