Hey Joe, just wanted to say thanks for sharing your great DD..i can only imagine the time it takes to gather and format these posts. Each one is filled with good solid info everyone likes to chew on, and i like using them as a starting point to dig deeper.
thank you for your time.
This post is not buy/sell advice. Do your own DD. If you have to ask: "what is DD?" RUN! I own shares of this company and I will be taking profits VERY OFTEN.
joesmith, i just realized dubuque bank & trust may own a total of 5,655,357 shares instead of the amount listed in the S-1 filing (2,857,143) and/or this nasdaq insider/institutional summary (2,721,188):
since the numbers from these two sources don't match, the amount recently reported could have been accumulated before the private placement occurred.
what further supports this theory is that the registration statement hasn't been filed, so i don't see how they could report the shares from the private placement yet. jmho.