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Solumex

03/25/11 1:25 AM

#3206 RE: Solumex #3205

This is a excerpt of the article I found on the web


The story, however, gets even more interesting when you find out who used to be a major investor in Quepasa, and likely profited handsomely from the company's rising stock price over the years. As recently as last Fall, Rick Scott, the current governor of Florida, controlled 13.8% of QPSA stock, or around 2 million shares. He began investing in the company in 2006, although given the company's financials it is hard to fathom why. It is unclear if Scott is still an investor in the company, as his name nor the name of any partnership linked to him, shows up in the major holders list. It has been reported that Scott turned over his investments to a blind trust, over which he does not exert any control.

"Mr. Scott will move his money into a blind trust and will remove himself from the decision-making when it comes to his investments," Scott spokesman Brian Burgess told WESH, though he admitted that he couldn't guarantee that the new fund wouldn't continue to invest in QuePasa or Playboy, for that matter.

If Mr. Scott has divested of his QPSA shares, his timing may have been impeccable, but other less sophisticated investors, who thought they might have the opportunity to cash in on the Facebook phenomenon through QPSA, are likely going to be burned badly. This story, once again, should stress the importance of due diligence, especially as it relates to the murky world of small and micro-cap stocks.

As you can see, the comment on the link you post are really old or at leat not fresh. Why does this guy publish it now?

Any way, if institutional buying is taking place now, shorters need to cover soon
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CharlesNet

03/25/11 9:30 AM

#3209 RE: Solumex #3205

Glad to hear that. I didn't notice that it had bee released earlier. Thanks for clarifying.