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Re: EarnestDD post# 5094

Sunday, 01/03/2010 5:35:15 PM

Sunday, January 03, 2010 5:35:15 PM

Post# of 9402
We know they didn't sell those 500,000 shares at the current level. During the pump, this went into the pennies and I would say that handover was about $50,000 worth of stock. Look at their other promotions, that's the kind of number they expect.

Now magically their promotion happened right at the same time as the press release about billions of dollars worth of wood, and said p.r. was based on nothing more than a coffee with the management of Rich Corp. where they expressed an interest in buying the Nicaraguan entity. No proposal, no offer, no LOI, no deal, just a coffee. Without a Reg D violation, how did they know of the PR to promote it?

I'd say that the insiders ("consultants" who are owed money and received stock, friendly Reg D investor, etc.) made $200-300k on the dump while the promoter made at least $50k.

Not bad for $1000 plane ticket and the price of some coffee.

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