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Re: Suntowel post# 327

Tuesday, 02/02/2010 10:35:03 PM

Tuesday, February 02, 2010 10:35:03 PM

Post# of 6835
On January 22, 2010, Mr. Honig acquired an aggregate of 3,753,968 shares of the Issuer’s Common Stock in connection with the exercise of warrants to purchase common stock of the Issuer.

Item 4. Purpose of Transaction.

All of the Issuer’s securities owned by Barry Honig have been acquired for investment purposes only. Except as set forth above, Mr. Honig has no present plans or proposals that relate to or would result in any of the actions required to be described in subsections (a) through (j) of Item 4 of Schedule 13D. Mr. Honig may, at any time, review or reconsider his position with respect to the Issuer and formulate plans or proposals with respect to any of such matters, but has no present intention of doing so.


Item 5. Interest in Securities of the Issuer.

As of January 22, 2010, Barry Honig beneficially owned 5,907,081 shares or 7.51% of the Issuer’s common stock. Mr. Honig has the sole power to vote or dispose of all of his shares.


In the sixty days prior to January 22, 2010, the date of the event requiring the filing of this statement, Mr. Honig did not engage in any transactions involving the Issuer’s common stock except for the following:


On December 3, 2009, Mr. Honig acquired 2,202,740 shares of common stock of the Issuer through the conversion of a promissory note of the Issuer.


On January 12, 2010, Mr. Honig acquired 1,082,750 shares of common stock of the Issuer through the conversion of a promissory note of the Issuer.


Between the dates of November 21, 2009 and January 21, 2009, (ie 90 days prior to Jan 22) Mr. Honig sold an aggregate of 3,971,737 shares of common stock of the Issuer in various transactions in the open market.

http://sec.gov/cgi-bin/browse-edgar?company=Clear+Skies+Holdings&action=getcompany


4M shares at .15(avg) is $600,000.00

These damm filings. First it says he only acquired stock - for investment purposes, Then it says he unloaded 4M shares.

Maybe Joe Noel can shed some light on this?

Did he unload 3.97M shares, then get another 3.75M which he says he'll hold (for now) ???

If he had half a brain our seller would let the pps rise 5-10% daily. If the herd spooks and the pps falls after weeks of steady increases, do not hold the pps back, let it rise to where it fell from and then resume selling s/t the pps is allowed to continue to rise daily as before. They could easily run this pps to $5 imo. Just look at the real jobs done in the i-box. This isn't some no revenue start-up business. Gheesh!

Look at todays volume, on news, and the pps wasn't allowed to make headway. Greedy seller is all it is, plain and simple. I wonder if a 5M volume day would move his ass?

I'm a little steamed as you can tell, lol

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