Replies to post #31980 on SiNtx Technologies Inc (SINT)

[boston745]

We don't know for certain but there are some good signs with Northern Trust, Wells Fargo, & Rockefeller trust being involved.
I'm curious what Wells Fargo is doing. It was a major investor in Biomet also involved with Pernix, which I think is interesting.

Still, what's the purpose of direct offerings? Is there any evidence to believe direct offerings were used to just dump to market? Has this happened elsewhere?
The signs I listed in my previous post suggest they still hold the shares. Also, there is a lack of distribution during this drop in price...

[joev2]

No one knows anything except what ends up in the stats. Fwiw, I compared Sint games with Gevo games. Both played the direct offering bit after a pr pump. Gevo almost doubled their os in raising 50 million..yes 50! Do you think these buyers are stupid like retail? Maybe...but it seems more likely they know they won't get stuck holding the bag...however they do it.

Gevo will NEVER turn a profit but here they are easily raising 50mil. Oh, and they already have over 12% inst holdings compared to .32%....better translated as 1/3 of 1% for Sint. Adding insult to injury their short interest is over 10% compared to 2.5% for Sint.

So despite all the fanfare of manipulation etc, Gevo seems at least equal to or more of the possibility of being manipulated than a Sint. Of course bringing in millions in rev compared to less than one for Sint, doesn't help the cause that Sint is the ultimate victim of price control.

Sonny's just another gamer: plain and simple.

[boston745]

So if the tutes sold, how did they do so without shares and without creating downward pressure? They would have to sold into each consecutive pump. There was certainly enough volume. Then this last offering those funds would be stuck with shares right? There hasn't been a pump or major selloff since offering closed.