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Long

06/20/01 4:15 PM

#169 RE: knepperbob #167

Thanks, kbob. That sounds so simple, you would think a loophole a battleship could float through would have been addressed by the SEC.
I agree that there is no way to track who is getting the shares, but the filings show income from sales of shares, so I could not figure it out. Besides this is entertainment as is gambling, so I try not to make it too much like work and read all the rules and regulations. Hey, if I did that, I would no longer be a novice and could not use the IMO disclaimer/excuse.
Good luck on your future investments.

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Bird of Prey

06/20/01 4:33 PM

#170 RE: knepperbob #167

Well now we know!

Gary and I have been trying to figure this out for months! And it explains the increase in the dilution as well!

So we have a CEO with stock to sell...who wants to sell without having to report it in advance...who creates a vehicle that will allow him to do just that...who lines up "investors" with a smooth sales pitch...and then sells everything he can!
And he has been doing this for years! When the OS gets too high...have an attempted takeover force you into BK...emerge a new entity playing the same game...OR...RS the stock when necessary.
As long as you can find new suckers for the game it can go on for a very long time. You might even say the potential is UNLIMITED!

David Weed
aka the Bird of Prey
www.warp-drive.com