InvestorsHub Logo
Followers 1
Posts 93
Boards Moderated 0
Alias Born 08/07/2005

Re: iknowmain post# 524

Sunday, 02/12/2006 7:31:56 PM

Sunday, February 12, 2006 7:31:56 PM

Post# of 1885
The insiders know what the stock is worth. IMHO they have purposefully portrayed the prospects of the company as grim so that float owners would throw in the towel and let the insiders buy the stock cheaper than the cost of a xerox copy. Whai had a $200,000,000 market cap, today it sits at about $5 million. With the 13 million extra shares whai can easily be run up to $3.33 (200M divided by 60 M o.s.). If they now own 80% of the company as I suspect, they stand to make or make back 80 % OF (200m-5M) about $ 156M. Say they all averaged down by having straw parties buy for them -- they have the potential to make 1/2 of the 156M or $78 million. All they have to do is make sure the class action settles and there is a strong possibility the settlement amount doesn't have to come from them. To put themselves in this position, all they had to do was make the market think whai was/is always on the brink of going belly up...loan always on the brink of being called, no accounting to the shareholders, etc. In effect they have "stolen" the company, but the "theft" cannot be prosecuted. No one put a gun to anyone's head forcing them to sell their shares to them. There is no law against getting those who were defrauded to settle for the least possible amount. The insiders have a great excuse for not releasing information -- whai lawyers told them not to pending the class action and the sec investigation.When the time comes they will run the stock, do another convertible debenture and fleece the public once again. REM was an amateur. These guys are not. Its a waiting game. But my gut tells me we don't have that much longer to wait. These guys tend to have already spent what they are about to make. So bottom line, no one has said Whai is not a lean mean green machine. They just let everyone assume it. JMHO
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.