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Re: texas_gal post# 3778

Thursday, 01/09/2014 12:21:02 AM

Thursday, January 09, 2014 12:21:02 AM

Post# of 54103
The only people that could have promoted then were the people holding the 300,000 shares left over from the shell Manu purchased. Manu only purchased 71% of common shares or something like that. You will notice volume was tiny back then. Not to mention float was under 2 million shares.
Kumaran said a shareholder not aligned to management hired NBT to pitch the stock.

“I don’t know a lot about it,” he said of the practice. “But I do realize that if you are in a very crowded marketplace you need people talking about you.”
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