InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,949.17
(
-0.60%
)
US TECH 100
20,270.40
(
-1.07%
)
Dow Jones
43,750.86
(
-0.47%
)
Brent Oil
71.96
(
-0.35%
)
Bitcoin
88,207.79
(
1.00%
)
Post# of 1807
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

kidnova

Send PM Follow Ignore
Followers 4
Posts 2219
Boards Moderated 0
Alias Born 10/15/2010

kidnova

Re: fidz post# 528

Thursday, 03/17/2011 8:21:10 AM

Thursday, March 17, 2011 8:21:10 AM

Post# of 1807

Joe Noel buying 7.1M shares on the open market



No, that's not what happened. He converted loans that he had given the company into shares. YESD was going to have to pay those loans off one way or the other and since they have no cash converting them to equity was the result. Even if you want to say that he straight up bought the shares, they weren't purchased on the open market, they were sold to him in a private placement.
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up