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Monday, February 28, 2011 3:37:52 PM
He had to R/S because the stock had gone to no-bid @ .0001 for about 5 months as a result of his massive dilution and failure to deliver on the vast majority of the things he'd said he would do, plus no growth of the company.
As if the surprise R/S wasn't bad enough, he'd been mentioning share buybacks since the day he bought the company. Instead, he dumped huge amounts of shares and R/S the bagholders into oblivion.
If you can figure out how to play it, good for you, but the CEO is proven liar and a first class snake in the grass, so be really careful about how you play.
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