Thursday, July 28, 2011 12:12:21 PM
Ok here is my theory, and i would put money i am correct.
So after doing some more DD if you look into the 10q there was apporx 5.6 Mill shares handed out in 4 seperate transaction in 2010.
Here they are
On January 12, 2010, the Company issued 1,200,000 shares of its common stock, par value $0.0001 per share, to a Director and officer as compensation for consulting services rendered amounting to $24,000 for services rendered, and to be rendered during the year ending December 31, 2010.
On May 15, 2010, the Company issued 2,000,000 shares of common stock to Mr. Asher Zwebner, a former officer and Director or the company in exchange for the release of liabilities owed to him by the Company. The transaction was valued at $60,000.
On May 15, 2010, the Company issued 1,000,000 shares of common stock to Mr. Joseph Raz in exchange for the release of liabilities owed to him by the Company. The transaction was valued at $30,000.
There were for services, and for CEO's leaving the company.
I had to word my email to david properly because he cannot directly answer me on this issue due to SEC violations. SO i did not mention names i just said to him this.
" When a departing CEO or employee is given shares for compensation releasing the company of all liabilitites how long until they can sell those shares.
His reply was "no matter what they have to hold the shares for 3 months then File special paperwork to sell them. They do not have to file with Edgar because they are no longer affiliated with CVSL.
So i went back and looked at the vol over the last 6 months. Other than May there has been no Big vol, and the PPS has been Sub .01 In MAY CVSL was a Pick by some I-hubbers (Pipboy) and it was a 1 week play. It had nothing to do with CVSL. So discard May. Plus the PPS never got high enough to equal the Value of the shares given the leaving employees.
So the recent Selling imo has NOT been dilution which i also confirmed with David as well.
So those 4 Blocks imo that were being sold into the float are not new shares because we all figured the float as 71 Mill anyways. The reason we were trading so thin is because Yes the Float is really that tight, and we did not have anyone selling there blocks until the recent run to .05. imo the selling is either done or just about done, and were starting to trade very thin again. Other than a few retail now selling i see no pressure downwards anymore.
Just a thought, and I bet i am correct. HDSN,VERT,VFIN were prob selling those shares for the Ex CEO's
VERT is not even on the Bid/ASK they have vanished.
I would love to hear what everyone thinks. When i asked David about this specifically his reply was I cannot answer your question due to SEC violations. That's when my ears perked up, and i started sniffing and trying to figure out how the whole process works.
LONG and STRONG CVSL baby!!!!!!!!!!!!!!!
Smitter SMTT
So after doing some more DD if you look into the 10q there was apporx 5.6 Mill shares handed out in 4 seperate transaction in 2010.
Here they are
On January 12, 2010, the Company issued 1,200,000 shares of its common stock, par value $0.0001 per share, to a Director and officer as compensation for consulting services rendered amounting to $24,000 for services rendered, and to be rendered during the year ending December 31, 2010.
On May 15, 2010, the Company issued 2,000,000 shares of common stock to Mr. Asher Zwebner, a former officer and Director or the company in exchange for the release of liabilities owed to him by the Company. The transaction was valued at $60,000.
On May 15, 2010, the Company issued 1,000,000 shares of common stock to Mr. Joseph Raz in exchange for the release of liabilities owed to him by the Company. The transaction was valued at $30,000.
There were for services, and for CEO's leaving the company.
I had to word my email to david properly because he cannot directly answer me on this issue due to SEC violations. SO i did not mention names i just said to him this.
" When a departing CEO or employee is given shares for compensation releasing the company of all liabilitites how long until they can sell those shares.
His reply was "no matter what they have to hold the shares for 3 months then File special paperwork to sell them. They do not have to file with Edgar because they are no longer affiliated with CVSL.
So i went back and looked at the vol over the last 6 months. Other than May there has been no Big vol, and the PPS has been Sub .01 In MAY CVSL was a Pick by some I-hubbers (Pipboy) and it was a 1 week play. It had nothing to do with CVSL. So discard May. Plus the PPS never got high enough to equal the Value of the shares given the leaving employees.
So the recent Selling imo has NOT been dilution which i also confirmed with David as well.
So those 4 Blocks imo that were being sold into the float are not new shares because we all figured the float as 71 Mill anyways. The reason we were trading so thin is because Yes the Float is really that tight, and we did not have anyone selling there blocks until the recent run to .05. imo the selling is either done or just about done, and were starting to trade very thin again. Other than a few retail now selling i see no pressure downwards anymore.
Just a thought, and I bet i am correct. HDSN,VERT,VFIN were prob selling those shares for the Ex CEO's
VERT is not even on the Bid/ASK they have vanished.
I would love to hear what everyone thinks. When i asked David about this specifically his reply was I cannot answer your question due to SEC violations. That's when my ears perked up, and i started sniffing and trying to figure out how the whole process works.
LONG and STRONG CVSL baby!!!!!!!!!!!!!!!
Smitter SMTT
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