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Friday, October 12, 2012 4:41:39 PM
Date Insider: Shares Transaction Broker
05/18/12 KUKKONEN, CARL,
Officer 6,240,548 Proposed Sale (Form 144) WORLD TRADE FINANCIAL CORP
03/09/12 KUKKONEN, CARL,
Officer 5,624,865 Proposed Sale (Form 144) WORLD TRADE FINANCIAL CORP
01/13/12 KUKKONEN, CARL,
Officer 5,513,355 Proposed Sale (Form 144) WORLD TRADE FINANCIAL CORP
The promoters paid in shares 6 months ago are pumping and dumping this batch of shares in coordination with the company PR's. VSPC was down over 80% from the PR campaign in the spring until this recent run up.
Promoters and VSPC have done questionable things together before and this is no different. The spring PR campaign was all about Dr. Schewe was buying and they were going to produce pellets. When they defaulted on the secured note the stock dropped like a rock. I am sure the promoters paid last spring told Karl (Dr.K) that they planned on dumping but wanted the company to help out.
Any shorts would benefit from the price increase first. How would he know if the shares sold at higher prices were borrows?
I know, you didn't want any comments. Just trying to help folks understand what likely is occurring. VSPC has always paid promoters. I am sure the promoters will return the favor in 6 months.
Thanks for posting the email.
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