I will just point out that I do not believe that the seed investors are selling at anything close to 5 times their original investment... If your claim is right we have between 20 and 30 mm shares to liquidate.--thebear37
thebear, I'm not sure about any of this. My reasoning was simply that seed investors must get some substantial perk for loaning money when no else wants to loan it. Add to this that I've seen at least two, apparently, ordinary retail investors state that they themselves got into SIAF at extremely low prices--see wireline's post of 3737 wherein he said he bought in at, yes, .005!; also there's a sharp woman on the Yahoo boards, laluna3_3, who resently stated that:
I've been holding free shares since about $.20. Chad told me about the Company before he was involved with them. I bought around $.05.
So if these retail people got in at such good prices but didn't have to loan the company any seed money to do so, I'm thinking those seed investors must be in as good a shape as laluna, which would make them able to sell at .60 and lock in a 12 bagger. Likewise, there must be a lot more retail sellers out there that bought in somewhere between wireline and laluna's price range who figure, "Why should I press my luck? Shouldn't I get my capital out, like laluna did, and ride on free shares rather than continue to hold all my shares?" And the longer we go without the 08 09 audits coming out, the more likely people sitting in such a position are apt to convince themselves that they should take some money off the table.
I have no idea whatsoever of how many shares Belmont and the like still have on hand to sell. Joenatural is the only person I've seen state, and rather definitively, how many are left. But since no one has either contested it or supported it, it just remains for me a dangling figure that may or may not be true. It thus seems Tothe's finely honed charting strategy might be the most reliable means we have for "knowing." I think another plus for Tothe's approach is that even if we knew how many shares these seed investors and the like have on hand to sell, we still would have no idea how many of those shares they may in fact be intending to hold for much higher prices. So if, as Tothe is thinking, we come across three consecutive days with all four of his indicates moving up together, that might prove to be our best shot at divining the unknown. (But for the uninitiated like me, I'll still be in the dark unless Tothe tells me when that happens since I can't read the charts. Hence, I'll just assume we've past that milestone if we get back up to a buck!)
Steve
AI
