Replies to post #21701 on Bulova Technologies Group Inc (fka BTGI)

[samiam420]

someone is selling!! thats for sure.. but don't know how much more they have to sell, before they run out. The biggest of bids have been slapped completely.. every time they came on l2

[srm4u]

TY for the clarity, however the T/A holds those shares until they are released to the market. then the T/A has the responsibility to release the data to FINRA so it is always current, otherwise as you have stated the noteholder would have to file a form D with the SEC if they took position of all the shares at one time

[MorningLightMountain]

good post, thx for keeping it real:

When the company (or CEO) says they are not selling, it is a play on words. Actually, the entity that bought a convertible note is doing the selling. So, technically, the company is not selling. They sold a long time ago, when they sold the convertible note.
I laugh every time some one gets a response from a CEO about the company or he himself selling shares. Actually, if the company wants to sell share from the treasury or a corporate officer wants to sell shares, they have to file with the SEC to do that. To get around that and as a matter of expediency, they sell convertible notes and discounted shares hit the market.
In addition, if you read the "Notes Payable -Related Party" portion of the 10Q, you will see a lot of notes like these....
"Various promissory notes as of September 30, 2014 exchanged on January 1, 2015 for Convertible promissory notes payable to NFC III LLC bearing interest at 8%".
And if you want to get technical with the semantics, insiders could still state that "The Company" or "CEO" was not selling shares. But, the entity of that "Related Party" was doing so.
The point is, shares can be dumped, even by "Related Party's" and company insiders could rely on semantics to say they were not dumping.

[Icanslim]

yep, agreed...the CD holder sells at top then shorts it then covers it or something to that effect

$BTGI