Who handed the money over? Was it Alliance Aquisitions?
Some investors care about the validity of a product (I do) Others just care about making money.
Unless we know who those investors were (and it very well could be a group of IMGG friends - they did start a company just for this reason) then we really can't know whether it was a trade or an investment... On paper it sure does look right now like those investors made quite a bit of money in a very short period of time..
An investing group trying to make money quick is no reason to assume the device works.
The last investors didn't invest in the device....they invested in Dean Jane's mouth. They couldn't care less if the device worked or not.....I really believe they knew it didn't work. They felt that Janes would maintain the share price high enough to get out with a nice short term profit of $200K+.....and that is exactly what they did. In @.218 and immediately out @.24/.25. Janes performed brilliantly and kept the share price up long enough for the institutional investors to get out leaving the rest of us holding the bag@ .16
they backed SGNC Sanguine corp--(penny stock scam) a 1 man shop peddling a synthetic blood. the 1 man was about 80 years old too! DOA
and ENMD Entremed who I followed almost a decade ago and still hasn't been able to bring their cancer drug to market-- had atleast 1 reverse split in the interim
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