Prom Resources Inc (PRMO)

[cdmac11]

Mr. Layhe...Nice find. I remember this period back in 2007. PRMO had just done a reverse split...The OS was supposed to be 292 million with Dror holding 260 million, leaving the balance of 30+ million shares. So it looks like Gerry Sklar and Dror gave someone 12 million restricted shares to promote this. The stock ran to 50 cents, and then this group dumped 12 million shares until Dec. 2007 to bring the stock to the .002 range.

So the question is, was Uncle Gerry and Dror knowingly giving away restricted shares to someone, which I am assuming had a 1 year restriction period, for this group to sell right away? I actually remember a poster back then suggesting that Uncle Gerry's son Tony was selling shares illegally. Too bad this article didn't mention who the clients were. All imo.

http://www.finra.org/web/groups/industry/@ip/@enf/@ad/documents/industry/p121326.pdf