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Alias Born | 12/01/2005 |
Thursday, June 20, 2013 12:08:32 AM
I still have a few inactive positions that I am waiting on.
I think any action might be enough to convince the major holders to rethink the valuation.
How much does it cost to go public? How much would it cost to buy this shell and rehabilitate it?
I found some interesting items in the SEC rules. It appears to me that some insider trading is actually legal if the profits are intended to inure to the shareholders. A good trader could have created a lot of capital to give back, and the SEC couldn't very well disagree with a qualified investor with cash. All IMHO.
Inurement isn't really very profitable unless you get a CEO's salary. I am not a CEO or a major holder, so it is just my humble opinion. I did try it once.
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