InvestorsHub Logo
Followers 8
Posts 6947
Boards Moderated 0
Alias Born 07/31/2006

Re: None

Friday, 05/22/2009 7:05:56 PM

Friday, May 22, 2009 7:05:56 PM

Post# of 607
Stock price $ .30 caused by $ 300 buy of 1,000 shares of GSTYE at the ask in late trading.

Just have to question the reasoning behind that purchase.

Buying stock in a Cataldo run, non SEC comp[liant company at the ask when the accounting firm has just resigned. Not indicative of a real smart buy for a retail investor since sales had been made in the $ .15 - $ .16 range this week.

Was it a oops I pushed the wrong button move?

Or could there be a more nefarious reason? With a 3 day weekend coming up and investors in companies like GSTYE having extremely short memories, maybe this was designed to get Tuesday's opening up to $ .30 With insiders holding millions of $ .05 options on GSTYE shares wouldn't it be better to dump shares from a $ .30 base rather than a $ .15 base?
And to think it only cost $ 300 to "make it happen".

Or maybe Tony Cataldo and Mike Pruitt got the multi-million dollar financing from GE Capital.

Wonder how those 13 Cataldo/Dadon films are doing over at Cannes.



Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.