Saturday, July 30, 2011 5:18:52 PM
I respect your effort but unfortunately don't have the skill set required to appreciate it. My communicating is normally done without the assistance of graphics.
"The red arrow marks the day the Wells Notice was actually issued."
That being July 14th.
"I do not believe it is possible for anyone at the company to have such insider knowledge at this time, so I believe the SEC is the only possible source."
I can only assume that the phrase "such insider knowledge" refers to the awareness that a Wells Notice was issued and the phrase "at this time" refers to 7/14.
According to Ihub, average volume is around 229,000 and the volume on 7/13 was around 285,000, so it seems reasonable to think that the company was referring to the 832,000+ shares traded on the 14th when they said "recent significant trading activity". The 1,258,000+ shares were traded on the day after the 8-K was filed ("Accepted 2011-07-20 17:32:08"), so the company certainly shouldn't be surprised by that significant trading activity.
So I'm left to conclude that you don't feel that the company could have been aware of the Wells Notice on the day that it was issued. These are the only known "facts":
1. According to the 8-K the Wells Notice was issued on 7/14.
2. According to the 8-K "The Company was unaware of the notice until shortly prior to its receipt".
3. The company does not report when and by what manner it actually received the Notice.
That's all that we've been told. So whether the company could have been aware of the Wells on 7/14 is subject to conjecture. And I understand that you "do not believe it is possible for anyone at the company to have such insider knowledge at this time, so I believe the SEC is the only possible source." I'm not so sure.
"The red arrow marks the day the Wells Notice was actually issued."
That being July 14th.
"I do not believe it is possible for anyone at the company to have such insider knowledge at this time, so I believe the SEC is the only possible source."
I can only assume that the phrase "such insider knowledge" refers to the awareness that a Wells Notice was issued and the phrase "at this time" refers to 7/14.
According to Ihub, average volume is around 229,000 and the volume on 7/13 was around 285,000, so it seems reasonable to think that the company was referring to the 832,000+ shares traded on the 14th when they said "recent significant trading activity". The 1,258,000+ shares were traded on the day after the 8-K was filed ("Accepted 2011-07-20 17:32:08"), so the company certainly shouldn't be surprised by that significant trading activity.
So I'm left to conclude that you don't feel that the company could have been aware of the Wells Notice on the day that it was issued. These are the only known "facts":
1. According to the 8-K the Wells Notice was issued on 7/14.
2. According to the 8-K "The Company was unaware of the notice until shortly prior to its receipt".
3. The company does not report when and by what manner it actually received the Notice.
That's all that we've been told. So whether the company could have been aware of the Wells on 7/14 is subject to conjecture. And I understand that you "do not believe it is possible for anyone at the company to have such insider knowledge at this time, so I believe the SEC is the only possible source." I'm not so sure.
I'm tryin ta think but nuttin happens......Curly
