I don't believe he would based upon his prior statement about keeping his shares well into the future, Matt probably knows exactly where to find it. Also, his statement clearly says that he exercised his option to increase his stake in the company,as if 70% wasn't enough, lol, clearly a statement that would haunt him for years to come if it were revealed to not be the case, and Mike is too smart to get caught in that kind of situation.
Other than this, exercised shares bought are restricted for 6 months min. but there are ways around that, selling older shares for instance while buying the new ones to replace. But based on Mike's previous actions and the intense credibility he has built up with his shareholders, I doubt very seriously that any such play was made on Mike's part as this would affect a CEO's credibility with shareholders moving forward when such an action were learned of, and it would be.
More likely, the MM's and daytraders took us for a 2 day ride hoping to shake loose some cheap shares and/or some of the investors that had bought restricted shares near the end of last year let go of some of their shares after seeing a healthy profit since most of them are not usually long term holders, especially of pinks.
Best guess, whoever it was is likely done and, based on charts, volume, trading pattern, lack of dilution, strength of buying action, strength of support and real lack of resistance upward at this level, not to mention upcoming events, we most likely will begin trending up again this week. This seems to be the concensus amongst we longs which I wholeheartedly agree with.
Been with LLEG a little longer and I know it can be irritating when something unexpected like this happens, but, we always bounce right back. Always setting higher bottoms and building higher support levels. Keep the faith brother, we're in the home stretch NOW. We are all looking at a very Merry Christmas indeed!
AS ALWAYS,
KEEP THE FAITH ! ! ! ! ! ! ! ! ! ! !
ENHANCE YOUR CALM ! ! ! ! ! ! ! ! ! ! !
STAY THE COURSE ! ! ! ! ! ! ! ! ! ! ! !
GO LLEG ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !
PS> If you happen to see a post from someone who's name in spanish means "irritator", just disregard, he has been reported for violations and will be gone soon. MODERATORS, your paying attention now, right?
