Trunkmonk,
I think everyone would like to know what Joseph Corso does or does not know.
The ultimate question has been why he has added to his position on around an every-2-week basis for the last many months, and accumulated 20 percent of the shares, starting at values of .081 from his original private placement for 18 million shares at 1.5 million dollars. Based on the filings, it is reasonable to say he is behind on almost all of his purchases/acquisitions.
Eliron Yaron stated in his newsletter/interview with Steven Weiss that Corso is buying on his own, but I'm not so sure, in my opinion, that his nonfiling of form 4s-typical of those purchasing shares on the open market-would signify that as how he has acquired the shares. I look to future filings to answer those questions, and it is my opinion that others are just as curious.
It has to be confounding to many why Eliron Yaron, who is the owner and essentially the "one-man-show" for Shelron, only owns 9 million common shares and 1 million preferred shares, while Corso, who supposedly has done only some consulting, would own 76 million shares. Time will tell as to what Corso's intent is. If it is to force Eliron's hand to improve the state of the company (with the downside risk to Eliron being the sale of 70 million shares into the market, which could seriously deflate the shareprice), it could have a positive effect. Time will tell.
Happy Trading!
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