Tuesday, March 20, 2012 8:10:30 PM
1. JB registered approximately three million shares for sale as of March 5, 2012. He has 90 days to complete the sale.
2. He has similar rights as other stockholders to sell shares. He is under some additional public notice requirements.
3. Why he is selling personally owned shares is his business and he does not need other shareholder's permission. Having said that
4. He is not required to sell the shares in such low volumes to avoid dips in price per share.
5. There have been buyers for the selling activity with more shares entering the non-officer float. I see this as good.
6. The webpage development is good but will not have any significant direct impact on PPS.
7. After JB has sold his shares then the ongoing buy interest may well result a nice raise in the PPS.
Conclusion. JB is operating within his rights and not at all dumping stock or ignoring any fiduciary duty to other shareholders. I opine that patience through this JB selling time should be exercised and average down if that fits your abilities, circumstance, and desire.
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