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Re: BluSkies post# 5676

Sunday, 03/09/2014 3:28:42 PM

Sunday, March 09, 2014 3:28:42 PM

Post# of 106844
Great. You link to a SEC filing doc- which is as it should be for factual info. Do you know what it means? He did a debt for equity swap for one, meaning he's unloading debt for being given common shares. Normally, a person prefers to be a debt (bond) holder as they are in "first position" to be paid back if a company defaults. To me- swapping out debt for shares says you probably have little faith in the company ever having cash to pay you back so your'll willing to take shares in the "hope" of being able to unload them on the market and get at least "some" cash back. Other than that it shows he's been given a lot of options (share grants) and some warrants. If you look in box 5-D it shows he actually "disposed" (that would mean SOLD I believe) a sizable chunk of shares unless I'm reading it wrong. He hasn't "bought" as in used his own money - any shares that I can see from that document? What's your point?