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Officiousintermeddle

09/09/19 3:31 PM

#3237 RE: Alvie #3236

Your argument is in contradiction of the message you convey in your earlier post.

In your post yesterday, you state that:

"One significant point to me is that there are many investors holding hundreds of thousands of shares that are close to the company and actually know what is going on and none of them are selling shares."

Your statement implies that it would be wise to be a shareholder because those in the know aren't selling. The only reason that their conduct would be significant is if the information that they know (and that others don't know) is material. If their decision not to sell their VEND shares is being made only in reliance on immaterial information, their decision not to sell is no more significant than my decision not to buy. The value of their information is no greater than mine.

So, which is it? Should we treat their decision as significant because they know something worth knowing (in other words, material), or should their decision be treated as the equivalent of anyone else's decision?