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punk153

01/26/11 12:22 PM

#14892 RE: Gator-Trader #14890

Remember that he took over the internet side of HNSS (MedBioWeb and its subsidiaries). Groffe may need to pump more money in there.

Remember too that HNSS got ~220 million HNSS shares for MedBioweb. There were 400 million to begin with and 90 million were repurchased in addition to the 220 million that were given to HNSS for MedBioWeb. That only leaves. 90 million shares left. I don't find it likely that Groff has 60 million shares to sell considering that Mr. Black bought 25 million. That would leave Mr. Black and Mr. Groff owning more than 85 million shares when there are only 90 million shares left in the O/S potentially.

IMO
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old_schooler

01/26/11 12:29 PM

#14896 RE: Gator-Trader #14890

Probably wanted more for his shares then Black would pay. IMO, the split may not have been amicable.

At any rate, the shares are coming from him or shorts. In fact, Grofe may be shorting out of spite but the shares are being bought is what matters.

At this point anyone's guess is as good as mine. Who's next to guess?

GLTA longs.