They should be 'morally obliged' to file!!! Remember this statement: 'Thanks to our shareholders we would not have survived this economic crisis', it's a shame the thanks doesn't work both ways!
To make the decisions they have without having to have a shareholder vote we know the insiders have to own at least 51% of the O/S. That would be 757 million of the 1.486 billion....to do that they could not have sold in the pump & dump.
Your conclusion is incorrect! Insiders could easily have sold on the runup and bought back after the collapse...
To make the decisions they have without having to have a shareholder vote we know the insiders have to own at least 51% of the O/S. That would be 757 million of the 1.486 billion....to do that they could not have sold in the pump & dump.
Absolutely 100% false and uninformed.
Its called preferred stock. Read about it.
You are also assuming that these shares being dumped by the company at .0002-.0003 arent going to insiders to reload the shares they dumped.
Also knowing shareholders(not insiders)including myself holding now somewhere around 560 million that leaves 169 million shares to be passed around in the float. IMO