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Claypool Reservoir

04/22/09 5:11 PM

#123819 RE: GnomeOfZurich #123814

"This company is overvalued, I'm going to bet it's going under 1.00 by May 16.

I'm a speculator. It's how I make most of my living" that was your post on another board with regard to their PPS also but one problem you missed on that one big time opps. So yes I really believe what you are saying.
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GIBBER

04/22/09 5:13 PM

#123820 RE: GnomeOfZurich #123814

I think the suppliers might have been dumping shares to get paid. I think Jared had to issue more shares last yr to survive when he could not get any financing. No bank was giving out loans. Most pinkies do pay in shares. This what I think and they might have been restricted. I believe the new rules only allow six months restriction vs the old one yr. This is my guess they dumped the shares to pay themselves. That 40m dump back when the stk was running my guess was a supplier. Then I bet Jared told the suppliers and the people he issued stk too that better things were coming and convinced them not t sell. Now some have questions about better things coming and have been selling. I do believe he had arranged for the sellers to find buyers because the way the stk has reacted up till now when selling happened. Prblem seems to be that they do not have the buyers when the selling occurs. I think the supplier base has a better idea of what is really going on.