GFRE - We don;t know the deal between Hap and War Chest - I am sure both made money in the options switch - but it is clear they wanted out - was it due to GFRE - HAP spent a lot of money on the European Call Option at $12 which was setup in Dec - I think they thought that they would make the switch and HAP would sell when GFRE had solid PP as was the case in Dec when the deal was done. But as the sector tanked - maybe their view changed as everyone else did - either way the plan was to sell - Why would HAP take the chance owning even for a brief time share in a fraud - I can't say you are wrong, but the workings of the deal with the $12 European option don;t look like something you would do if you thought GFRE was a fraud. Personally I think War Chest know GFRE well and HAP could of cared less - it was a payday - they just got stuck with a taking market in RTO as the deal progressed.
Plus - if they know something - they would of gone ot GFRE - put the cards on the table, and said we are going to sell and keep you mouth shut and we will do the same. Or they could of sold and in court used what they know as a breach of contract for War Chest - so I don't see them all of a sudden after loaning $20m to GFRE back in the very early days with China Finance etc. that now they all of a sudden decided to get stock for a loan payback and then dump it a year later becuase they see fraud.
But I understand exactly what you are saying - it would make sense to hold the stock if the whole market did not take a nuke hit in the face for all RTO's with the CCEM hits etc.
Hey I don;t know if GFRE is 100% legit or not - and I don;t tell anyone to jump in - in fact four weeks ago I said on the other board not to jump in due to HAP selling - and I caught all kinds of hell form longs like Whoop on Yahoo - today - all I can say if you are long or short GFRE - good luck - do your homework
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