bwog, I don't have PM privilege so I will respond here to a degree.
I don't doubt what you have stated. I don't doubt it at all. but there are many reasons for the cause beyond that of the conclusions you have drawn.
Here is what your group needs to consider:
1. With a gagged TA your assertions are based on stale data. What we have seen is that in June 2009 the new TA was showing nearly 2 Billion O/S so you should use that as a basis point.
2. Since June the company has raised the A/S at least 3 times and at regular frequency. You do not do that unless you need the headroom. The fact that they raised it to 3 Billion recently implies that they are close to 3 Billion.
3. The lawsuit filed against getFugu shows emphatically that 100% of the investment funds came through stock dilution to RME. At the August prices, and the standard 40% discounted price, how many shares at say $0.05 does it take to raise $1.75 Million? Answer - 350 million shares. How many shares were required to Finance the $4.5 Million to purchase Dicon?
4. Finally, NSS into long holders may be hidden through ex-clearing etc...but they re-appear when the longs trade out of their positions. The FTD's and the short interest reports do not really support a huge NSS based on the volume of trading seen every day. Knowing what we do about shares issued to RME, those are most likely what shares your group owns. All of your assertions are based on stake data and based on the assumption that RME has never sold a share which is impossible.
Now I have said before that I could be wrong but I doubt it. This activity by M&M (who have a past history in P&D) exactly parallels past scams exactly like this. Investors did exactly what you did but what happened was what I have presented, it was actually insiders. research CMKX and USXP as perfect parallels.
