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Gold Seeker

06/09/09 9:57 AM

#19665 RE: mata hari #19659

Mata Hari stated: "if wittenberg knew something negative, he would have been selling all through 2008."

The Smithline loan agreement prohibited Wittenberg, Moro and Dr. Gold from selling shares. Wittenberg was not allowed to sell shares in 2008 even if he knew the company was going to fail. When Wittenberg resigned, the restriction on his selling would no longer apply.