Replies to post #2310 on Gulf Coast Oil & Gas (fka GCOG)

[mick]

hi MES, kind of what i'm looking for. same ceo for both companies.

RE:
Posted by: m02
In reply to: HDOGTX who wrote msg# 144279 Date:5/11/2008 6:13:22 PM
Post #of 144292

GCOG To confirm the insider trading...

Note: Rahim Rayani is the GCOG's CEO~

Item 3.


Source and Amount of Funds or Other Considerations

Rahim Rayani acquired 9,600,000 shares of common stock as of March 12, 2008 for the total purchase price of US$144,000. The transaction was effected pursuant to an agreement for the purchase of common stock dated March 12, 2008 between Rahim Rayani and James Bunney.

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5831346

So now it's clear that Former FORC's CEO James Bunney sold his 9.6MM shares to Rahim Rayani at the price of $.015 per share. (.015 x 9.6MM = $144,000)!

On March 12th, PPS of FORC was somewhere around $.50~
I wonder why James Bunney sold his shares at PPS .015~ That's bargain price. IMO. Could be some R/M deal!?