I understand you....but these simple things get him completely confused, better to try and not have him respond and prove it to all again. (It comes from the TAX REQUIREMENT that to take a loss in securities as a casualty/theft loss it must be purchased directly from the sponsor of a PONZI style scam as one of the several reasons that tax treatment is denied to SPNG losers).
Yes he bought (and claims to have sold a lot for a lot of profit too) stock on open market.
Nobody owned the stock indirectly or through a mutual fund....as no institutions of any type would get near it. And investment advisors that would even bother to comment, warned against it. All things brought up by "the bashers" as warnings and questions many times - and disregarded by the true longs.
Until late on - when PIKE! PIKE! PIKE! bought some for his investment group....(and exactly what was going on with that is still a matter of dispute). But the pumpers certainly made all types of posts about how that proved (as he was the "greatest of investors") that bashers were all wrong. (Wasn't uncommon for them to float comments about how Warren Buffett was looking/calling or something....and similar with Mark Cuban.
News 
Market Data 
Discover 
