A wise man once said- If he has insider knowledge of something negative then sold his shares, he’d probably be getting a call from the SEC!
Nader isn’t playing 3-dimensional chess as some think. He’s a carnival barker that continues to snow the diehards that try and decipher the most innocuous activity
Mahboob left as the last bunch of people left because he saw Nader for what he is: a fraud! Anyone who buys stock has a right to buy or sell based on their confidence level. Generally investors look at ROI and results. Nader has propped this stock up with false hope for the past 14 months and his charade is coming to its fitting end.
If there is no PR within 48 hours that outlines sales and revenues from the Phillipines, this is going down like a shot dog. There is not “inside” clues and nobody is buying this for more than $5/share! That is fact.
If anyone wants to debate that, just keep looking at the stock price. It’s propped up on the “Hope” of a Philippines deal. That’s it...that’s all Nader has left. BP isn’t buying this at any premium because Nader doesn’t have leverage. Actually, he’s working from a position of weakness. His opportunity was a year ago before he failed two trials. All BP is doing is watching Nader bleed out... then pay $.60/share after the debt is covered.
No PR will prevent Chapter 11- not a single catalyst remaining
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