Just spoke with Chris, please read.
She is in Vegas and in preparation of the party. Nonetheless we had a long talk and she was willing to cover points to reassure us in this situation.
Roger Glenn is most definitely on top of this.
This was not expected BUT IT IS NOT A CONCERN AS THEY HAVE DONE NOTHING WRONG. It is her opinion, but I sense a concensus of thought among the leaders that this is clearly an attempt by the MM's to put the brakes on a stock which is doing quite well for itself. She states sarcastically that it's totally ok for stocks to be illegally shorted from $5 to $1 and nothing is said, but we can't let a stock rise from $5 to $15 and try to move to a bigger exchange can we?
All of their reporting and any valuations they have made are in accordance with GAAP (generally accepted accounting principles).
She states they are in compliance with reporting and accurate in their pr's as to company activity.
She said there simply have been more buys than sells based on good news and value, nothing more, nothing less. She said Mr. Williams sold some stock at ~$4.85 and she knows he is kicking himself for doing so based on the recent rise.
Speaking for herself only, she is angered by this, but not concerened. She assured Roger Glenn is preparing an answer and questions (the legal lingo is 'interrogatories') for more specifics, which is what I posted earlier today that he may do.
He will get back to her with any updates on the matter.
She is continuing to believe that the good people invested in this stock have as much right to good financial fortune in their lives as the MM's do.
I let her go to continue her preparation work with about 20 others at that point.
She said to keep the faith.
I have and I will.
We have Atty Glenn and the firm of E & A serving as his support on this. Litigation and injunctions occur in life. Nope, they aren't fun, but they spring up every day in the business world. Chris's assurance matched with Atty Glenn's expertise is why my words to everyone are to remain calm and "there are 2 sides to every story". It is assuring to me that Atty Glenn is the one telling our side.
Be well, Bo
