Yes, there was a rumor about Sterling controlling share distribution. Sterling claims he only added names to the list and hasn't seen the entire thing. It's hard getting a straight answer out of him. One day he talked about how to distribute restricted stock via his mytrack to others, and the next day he said he only controls his own and no one else's. The guy, who posted about the 2500 club which started the rumors, was a Paltalk admin at the time and said he spoke to Sterling or one of the others who went up there before he did so.
well I'm not clear why Glenn asked him to do this...did he have access to inside info? / didn't he.....if he did, why? if he didnt', why can't he go into the room?
Sterling can go in the room, and he has since being back. Glenn suggested he ought to consider leaving the high tension environment and completely ignore everyone and do his own thing. I don't know if he had access to insider info. He believes he has.
any chance he could have bought these from the daily flood of shares?
Urbie initially received 600M shares which were supposedly put into escrow for three years right? If he honored this, then he would need to issue himself more shares before selling right? So, what reason(s) did he use for doing so? -- I don't expect you to know. According to the one PR, Urbie had at least 40 billion shares.
40 billion x .0001 = $4M (issue price???) 40 billion x .0004 = $16M (value today)
I kinda doubt he pulled $4M or whatever out of his own pocket to pay for these. If he does have this type of money, it's odd he hasn't paid off those who put liens on his property in Canada. Does this amount represent his annual salary and bonus? If it does, that's very high and would be a recurring annual dilution on the stock.
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