Replies to post #6586 on Valentine Beauty Inc. (VLBI)

[DaddyCoopDogg]

It means someone is selling $2,850 worth of stock. that doesn't seem like much to me - it sounds like no news, I'm glad they are filing the right forms...

[mo-rydr]

I would say Good News. This indicates that this investment group wants to be able to sell once the merger happens... good find cat!

[cabo_sailor]

It might, just might, be good news. With the bid I can see of 0.15 that sale of 11,401 shares would be worth about $1,700. That seems to me to hardly be worth their effort. On the other hand, perhaps they are expecting to get substantially more than 0.15/share??

[The Virtual Cat]

Not sure if it's good or bad or neutral, but I'd lean toward neutral.

Some quick DD indicates MJMM Investments held 24,000,000 before the 1 for 300 reverse split so they should have ended up holding 80,000 afterwards or 7% of the O/S. This Form 144 is for 11,401 shares which is almost exactly 1% of the O/S so MJMM still hold 6%. Of course, they may be limited as to how many they can sell per month and will just continue to file 144's as allowed until they're completely out. I think at this point it's just something we should keep an eye on, but I'm not too worried.

GLTA