Opportunity stated: "WARNING: I suggest you find a new topic, because you could be in trouble if you continue saying Wittenberg is selling with no proof (no filed form 4). You MUST qualify this statement by saying IMO, or again you could be in court for manipulation which is obviously what you have been doing."
Your post is rambling and makes no sense whatsoever. I am not manipulating anything. I am only presenting unrefutable facts. There is no need for Wittenberg to file any form 4's. The evidence that Wittenberg has sold is in black and white. If Wittenberg has not sold as you claim, he would have been required to file a form 13D indicating holdings above 5% (actual holdings would have been over 6.5%) or he is in gross violation of SEC law.
First of all, form 4's are for insiders to file disclosing changes in their holdings. Wittenberg is no longer an insider. Wittenberg is now obligated to file form 13D if and only if he holds more than 5% of the company stock. If as you are attempting to say that he has not sold any shares, Wittenberg would be greatly over that 5% level and required to file a form 13D. Wittenberg has not filed a form 13D which means he has sold shares to remain below the 5% level.
Wittenberg can now freely buy or sell the stock but unlike other investors, he does know a lot more about the company via his former position in management.
When Wittenberg resigned on Feb 19th, the last form 4 filed on 9/24/07 indicated that he held 1,164,925 shares.
On Feb24th, the filings show that Wittenberg exercised warrants and options at .001 for at total of 2,070,000 shares. If those shares were immediately issued, it would have put Wittenberg owning 6.5% of the outstanding shares. For some reason, there was almost a two month delay in actually issuing those share on April 20th. Why the delay? I will tell you one good possibility. Moro would not have wanted Wittenberg to file a form 13 delaring his holdings and then repeadedly having to revise it as he sold stock down below the 5% reporting level. It would have been way too clear and in black and white that Wittenberg was selling. By waiting the two months, it gave Wittenberg time to sell all of his previous shares and when the exercised shares were actually issued, Wittenberg would have been below the 5% level and never been required to make any PUBLIC filings. That way, Wittenberg could sell and it would not be obvious to other shareholders via SEC filings.
AI
