Thursday, April 29, 2010 3:14:52 PM
Who benefits most from a run up? The people who control the box and the people who can issue more shares. With the price in the toilet, they can pick up shares at a massive discount in anticipation of all the great things to come, and at the expense of the desperate who fear a total loss of their investment.
I think Mike Head is an honest man and I don't think he is responsible. I know prior management engaged in a series of 504 transactions, and while not illegal, certainly haven't helped the situation, but I don't think this is the root problem. As per recent PR's, 60,000,000 + shares were retired. Where did they come from? Obviously from prior management. So it isn't the people who issue more shares.
That leaves the people who control the float. Someone has been selling, 39,000,000 (39% of the float!) shares since January 13, 2010 and it isn't "that other company' so who is it?
Pull out your pipe, get out your Sherlock Holmes hat and do a little deduction.
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