From Shamika's filings--->"On April 14, 2011, the Company's Board of Directors authorized the issuance of an aggregate of 4,800,000 shares of Common Stock to its founders. The market price on April 14, 2011 was $0.26 per share, so the value of this share grant was $1,248,000." http://www.sec.gov/Archives/edgar/data/1330323/000114420412021842/v309273_10k.htm
Are the Founders they are referring to none other than Perttu and Hollis here? Why are they not more specific, I wonder? So while they were handing your money over to Shamika last year through the front door is it possible that they were getting a big payday out the back door? All of this would be perfectly legal I am sure, if true it would make me feel VERY confident as well, in spite of 6 lawsuits and $635 in the bank.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.