Correcting the lies that the CEO is selling stock...
I have not sold a single share of stock in over a year. Now, I will say there is nothing wrong in an insider using 144 and selling shares. That is our right. I have chose not to sell shares at these low levels.
We did have some convertibles but we borrow between 12k and 40k a month which can be paid back in cash or stock 6 months after the loan. If it is in stock it is at a 60% discount from that current market price. So the most there ever could be in one month in conversions is 40k. The minimum when we have a loan due is 12k That cannot not effect the market in any way on conversion. The math proves this.
There are posts that say I have sold 500k is shares. This is of course not true. It is mathematically impossible. For me to some how sell 500k in stock I would have to have sold 384,615,384 shares at .0013. I did sell any shares. At the most the convertibles would have been 30 million shares.
The math to support the statment that I sold 500k in stock does not exist because that would have been impossible. If I could sell and had shares to sell you would need two times that for the prints. So I would have been responsible for 769,230,768 of the shares traded this last month. Or 38 million each trading day. That would be just me. Our average volume is 15 million a day for the last year. For the last few months it has been around 20 million. So that is impossible.
I hope rather that people who read outrageous impossible posts here will take the time to look at our work and the true numbers. Then they will have a fair opportunity to understand what we do and where we are going.
