Friday, June 05, 2009 2:00:42 PM
Scenario #1:
You are a board member with millions of shares. You know that your product will be revolutionary and worth billions. You want front row tickets to a ball game, so you sell a few shares at .10, because you know your other million shares will make you as rich as Bill Gates.
Scenario #2:
You are a board member with millions of shares. You may have started with good intentions, but you realize this turkey ain't going nowhere. You don't want to get bit by the SEC, so you create a lot of paperwork, and sell a few shares along the way at a price lower than the L2. It makes you look innocent, but you still walk away with millions.
The second scenario was my biggest impediment to buying stock in this company. BUT, with Regan, Ernst and the other cast from BMC, and the announcement of the Exodetect mixer, ...I don't smell a rat anymore. And, I have not uncovered anywhere that they have been selling off shares.
Has anyone found anything on the current board members that would make you suspicious of their credibility? If we get duped, then I believe they have been duped, also. Still, anything is possible. That is why it is called speculation!!
I am not a financial adviser, but I would use my spare change to invest in speculation. I would not bet the farm on it. You don't want to be hurt if you do not win. I have been to Vegas enough to learn that lesson!!!
I think that by July 4th we will have fireworks!!! Realistically, I also know that before July 4th, our fuses could get wet.
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