ERF Wireless, Inc. (ERFB)

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I see the list of shares owned by officers... most of these shares were issued for compensation.

My question is, have any of them pulled money out of their pockets and bought some... DC bought open market shares back in May... is he the only officer to do this?

If they believe that announcements were coming next year as you seem to, I'd become a believer if I saw some shares bought by other officers of the company. It would send a message that the PPS is undervalued.

With the threat of more dilution, the statement that the PPS is undervalued isn't really true. The PPS is where it is because that is the price the buyer and sellers have set. The MMs are guilty of stirring the pot. They are crooks. I have had orders in for a quarter of a cent higher then the ask and still no trades. Usually a trade goes through less than my bid and then as you say, the MMs raise the ask above my offer.

On the flip side of that coin, when or if we get meaningful news, the MMs will play their games to move the PPS up quickly. With a low daily float, they can allow the spread to stay wider than normal and stir the pot to get the action moving.

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