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Monday, June 14, 2010 8:11:07 PM
First is the obvious that you have already stated. No forms filed.
Management stated prior when they converted from common to preferred that this would increase shareholder value. Then they ended up converting back. Well which is it???
There was an obvious build up to launch day with tons of false news. Then the relentless dumping volume that followed leaves only two explanations. Either massive dumping or some crazy random made up conspiracy theory.
So basically investors are left to believe that management refuses to file a free form, saw huge selling volume, have yet to see any of the claims made by mgmt even sniff coming to fruition, and all the while remembering that in January of 2007 mgmt's holdings were made public on their initial disclosure statement. So if the info was once available, mgmt claims to have never sold, why isn't the info simply readily available again???
Why try and find some super secret random explanation? I just tend to go with the obvious.
Management has much to gain from people believing they never sold and much to lose from people realizing that they did.
Throw on top of all of that the false claims that mgmt's shares were restricted as well as the false claims by mgmt that in order to sell they would have to file forms and could only sell a certain % of their holdings at a given time. There is no such rule at all for a non reporting pink.
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