That's the DD that some people conveniently ignore. I've heard it said many times
the insiders are accumulating and holding their shares. What a great opportunity this must be. Just look at the confidence that the insiders have. They haven't sold a single share.
No, the insiders who would have to fill out a form 4 if they sold anything haven't sold shares.
It's those damn convertible notes sneakily written just below the threshold for reporting that people should really take into consideration.
The insiders aren't selling shares but the company itself has unloaded a shit ton of them. In my mind it still sounds very much like a share selling scam.
The company has been funded entirely through convertible notes.
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