Shrink Nanotechnologies, Inc. (fka INKN)

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Shrink Nanotechnologies issues an SEC form 4 filed on 10/22/2010

http://knobias.10kwizard.com/filing.php?param=&ipage=7202147&DSEQ=1&SEQ=&SQDESC=SECTION_INSIDER&exp=


Well this is just Great! NOT!

Another 624,983 shares DUMPED into the market by CEO Baum. That is almost 1.2 million shares dumped in the last two weeks by one insider.

The timing could not be worse. It will probably take months to sop up this overburden of new shares. And this action will probably bring in another million shares sold SHORT. I would not be surprised if the PPS is back down to a nickle a share in another week. This is just TOO MUCH in too short a timeframe. OUCH!

And Baum still owns 4,865,017 shares. So how long before he dumps those too? It looks like this CEO is cashing in and bailing out on this company.

All just my opinion...

VV