Replies to post #16540 on U.S Fuel Corp. (fka USFF)

[cytrxman]

None, private companies dont announce to the world that they are going to buy a public comp until the deal is done. They would want the share price to stay down. They would want to have done their dd before any press release. Where did they come up with a price of 1.5 a share if they do not really know what they are buying. We are told it was unsolicitated, and they need info. Then we are told a disclosure was signed. Alll of this would have been done, both parties would have agreed then a formal TO presented, press release, vote. Deal goes through because 51% shares are owned by officers. But we dont even know who owns 51% of the shares. Therefore bogus offer to get share price up so shares can be sold. TR press release made people in the know tons of money. 8 cents to 2.35 in a matter of months. I wish I would have sold but I believed the lie that we were going to 5-7. Now anyone else given that lie!!!!

[techjunkie]

I guess that conviction didnt stop you from accumulating, you thought it was a gift per your post below...lol

The business of IA making a press release was talked about when IA first made the press release, guess that didnt stop you from buying then

On the other hand, you just may be saying things to mislead. That wouldnt be the first time its been done here.

Good luck to you, sounds like you need it :)



Posted by: dreamer99
In reply to: docshazam who wrote msg# 14311 Date:12/30/2007 7:44:02 AM
Post #of 16543

I agree with you, IA has been accumulating shares for a few months now, although they haven’t filed 5% ownership papers. But it looks like a lot people get around that rule. Then they announce a buyout offer and when the stock hits 75, the selling starts. If IA is the seller, it may appear to be a manipulation to help their financing of the buy out or to acquire more shares well below the buy out offer. One thing is for sure this deal has been in the works for a while, although NSOL probably couldn’t say anything until the offer actually came in. As far I can tell, IA shouldn’t be the only one to profit from the current price. Its weird, but it looks like a gift to me, I’m accumulating too.