InvestorsHub Logo
Followers 4
Posts 429
Boards Moderated 0
Alias Born 03/30/2011

Re: vinchenz post# 47949

Tuesday, 07/19/2011 2:24:10 PM

Tuesday, July 19, 2011 2:24:10 PM

Post# of 98509
It would seem fairly obvious that he is selling new shares to raise money. The high volumes (10s of millions of shares daily) seem to me to be new to the market.

If he sells 200 million shares at roughly ..20, the CEO will have 400,000 to support the development of the company. Not a lot, but he needs something.

It would help if would just acknowledge that and how much he plans to sell for development.

I assume he's a smart businessman and will only sell what he needs for current development. Perhaps later, at a higher price, he'll sell more.

This is my opinion and not some made up communication with the CEO. I find anyone who claims to have privileged information from the CEO and posts just that (not the information) is worse than a basher but that's my opinion.