Sunday, May 01, 2011 11:06:03 AM
Not knowing the facts I can come up with several possible defenses. What if those shares were placed in someones hands in certificate form mind you believing that the buyer would have strong hands and that those shares would not come back into the market? Having the $300,000. may have allowed Jerry to have a better diversification and establish a FLD position in another stock. Not knowing his personal situation he may have found himself needing some cash for any number of reasons and by placing these shares in what he believed to be strong hands in certificate form insured they would not negatively impact the FLD concept and at the same time provide him with some needed cash.
Obviously he trusted this party and probably shouldn't have.
Remember this party paid to have someone that worked for him attend a Monkinair. For all we know this party could have been hired by those who are short to do what he did in an attempt to undermine Monk's credibility. The possibilities are endless at this point but until all the facts are know I will keep an open mind and continue to accumulate as I am able because I believe the company is making every effort to grow revenues and earnings.
Go CDIV!!!
My 3rd and final allowed post of the day.
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