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Re: ArchiH post# 1946

Thursday, 06/27/2013 6:59:41 PM

Thursday, June 27, 2013 6:59:41 PM

Post# of 5005
Not interesting at all. The shares were given to him for service to the company, not a cash purchase, and the price was predetermined by the warrants. Actually, according to the 8K document, he received half the shares on April 1, 2013, which is one day after the fiscal year ended, but only now is reporting the transaction. The auditors probably caught the discretion and made him file a Form 4 prior to them signing off on the 10K. In fact, your suggestion that he would buy shares just ahead of an event known to him and not the public is preposterous to say the least, and would subject him inside trading accusations. Surely you must know he could have exercised those warrants at any time prior to the expiration date, which is 3//23/2023. It is, however, somewhat interesting that he executed his warrants 10 days prior to the announcement that he was giving up control of the company to BGMO. Of course we both know that was never going to happen, but he didn't.
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