2,377,656 SHARES OF CLASS A COMMON STOCK sold by prospectus by CDEX but not FOR CDEX. But CDEX sold them at a cost of 20 K to the company. Doing a favor for "SOME" shareholders!!!! How generous!!! Back then it was selling at over 90 cents a share.
Anybody wanta bet that some INONITs wanted to sell them?? I would so bet, if I were a betting man.
Why not just dump them on the CEXI market?? What if they were gifts or bonus shares given to INONITs. They would still be restricted, and thus not eligible for trading on CEXI, that is why. Also dumping that many shares on a thinly traded stock, would immediately run the SP way down.
So do it by PROSPECTUS, Just as if CDEX were selling TREASURY shares.
DUNNO how that scheme ended up...do not care to research it. Anyone else wants to, feel free.
