Suggest you clarify with the CEO your stance on what shares are being cashed out because I think we can all agree, there has been a lot of selling pressure that has gone into every PR that has come out the last month. So who is selling? Well the CEO, of course. Major dilution. As I said before, it just all depends if the shares sold and dollars generated are being spent wisely for the business purposes or going into that Bob Gruder vacation home in Malibu.
Straight from the CEO dated 7/27/16 to yours truly when I asked him about many things and this is how he addressed my question on the Mobeego purchase contributing to the selling pressure:
XXXX,
The shares pledge to the former owners of the Mobeego company are not available for resale. None of them are registered. Therefore, they are not entering into the marketplace. The OTC data is accurate except for the 10M shares in reserve. That should be updated shortly.
Bob
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