why did exph management just sit back and allow this to continue for months
What could they have done?
If they had been lying all along in the 52 pump PRs, there isn't exactly anything they can do to.
They started rumors about huge contracts and PR'd about huge sales and a game changing product.
All they had was the same contracts PR'd several different ways and a dud product.
The financials everybody is waiting for probably indicate some awful sales number and proof that this company isnt very successful.
What people should be mad about is that management lied. This isn't even debatable anymore. Lies, lies, and more lies.
The divvy was probably nothing more than a smokescreen to allow for the gagging of the TA and several other things to be used as excuses.
This is almost an exact repeat of last year right now. Remember the 22 million contract, the 12 million deal, the 3-4 million dollar qtr. then poeople waited and waited. They blamed it on the economy, they have blamed it on shorts, MM's, whatever else they could. What will they blame it on this time?
Hmmmm.... CEO stepping down. Looks like JD might be falling on the sword and hoping to take all the disbelief with him.
I hope shareholders don't fall for it again.
Anybody wonder why JD loves to repeat over and over and over that insiders never sold, but he never says how many shares he has?
Forget form 3's. Why didnt JD put on their website MONTHS ago how many shares he held? Why would there ever need to be a delay in reporting that????
Perhaps to rebuy at a cheaper price??? Then when reloaded post the holdings?
I am sorry, but there is not a single excuse that is valid for JD keeping his holdings a secret.
ZERO.
Pay back the money JD. You have ripped off shareholders enough.
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