Replies to post #2178 on Matech Corp. (fka MTCH)

[bloodhound99]

Yep voipy I think the key words are "reported" to exist and "known" to exist.

My guess is that we will learn when (and if) the 10K comes out that the 120 million reported or known shares has grown immensely and that there are at least 200 million shares outstanding. My guess is that Reid has converted part (or all) of his debt to shares at 25% of the market price and is dumping before this becomes public knowledge.

There is an alternative scenario however whereby the outstanding could stay at 120 million. In this scenario Reid would be the primary player. He could be naked shorting based on Tony's paid hype and then rebuying when the price drops as it always does. If by any chance Reid shorted and the price went up he could cover with his 25% options and come out just fine. Of course how many times has that happened since Tony has been there.

In yesterday's market if Reid had shorted 70 million shares in AM and then covered in PM he could have made a 20-30% profit on the day without ever having to use his 25% options.


Does anyone know who paid the $ 45,000 for the "promotion" yesterday.