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Re: water boy post# 19746

Friday, 12/24/2010 2:17:24 PM

Friday, December 24, 2010 2:17:24 PM

Post# of 94134
He owns 430 million shares? Now that is downright scary. As one who recently got out of a stock where the founder/former owner sold 10% of his millions of shares each quarter (he started with about 30 million shares) we longs cringed each time a new quarter rolled around because we knew the selling would depress the pps, and of course the shorts had a great time getting on the MB and running off current stockholders and prospective buyers by posting that fact. I hate to think what will happen if 430 million shares are to be sold (insiders can sell 10% per quarter I believe). Don't want to be negative, especially at Christmas, but am wondering if there will be any restraints (voluntary or otherwise) on selling the 430 million shares? Thanks.