Tuesday, June 23, 2009 3:13:57 PM
In the 10Q.... they made a private placement of shares for.... what was it.. .036 a share? That was a couple of months ago.... and they were claiming to have JUST enough money to make it through June at that point.
I feel rather confident that it is QUITE likely that insiders are loaning money to the company to keep it afloat. I would bet that they are getting warrants or something to reimburse them at some point in the future for around .06 a share....
Now... those who have been selling recently and filing those forms... SEEMED to be doing it in a very orderly way... it was one or two people's turn for a few days...then someone else... Given that we were only getting .036 a share in private placement... .06 looks a LOT better.
This is all just my conjecture... but I wouldn't be at all surprised to see this or something like it be the case. Then again... they could have all just needed money for a house/boat... whatever.
Interesting thought though... given that we have all been so upset by it all... would be nice to find out that they were actually in a win/win situation in the end.
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