Orange, I've talked to JS a good number of times over the past 2 years regarding this penny. In the end IMO he simply is in the dark and tries to act like he is earning his keep by saying/speculating too much which gets him in trouble with the shareholders. IMO he is not lying to shareholders, rather he is expressing wishful thinking beyond what he should be doing.
I also feel that Fayiz attempts to manipulate the shareholders via his PR's. Clearly with him dumping 2B+ shares (in what I would characterize as a 'stealth' tactic), while openly declaring a 500M buy-back clearly indicates to me that he was trying to pump the stock while he was selling. I have no proof of this, but it sure raises a lot of red flags. When I talked to him about the 500M buy-back (via phone) I threw the $$$ numbers at him as to the millions that it would cost him to execute the buy-back and asked him WHERE he was getting the $$$ to buy those shares. His reply was that the buy-back was a 'multi-year' process. What deeply troubles me was that very same time (or close to it) he was talking to me he was dumping the 2.5B shares to raise funds to make an acquisition.
That doesn't mean that this isn't a good investment. I'm trying to accumulate more at .0015 I just think that this CEO is tricky and does not play fair with the shareholders. IMO he was being deceitful when he talked to me and he cannot be trusted. Round learned that the hard way.
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