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mrPiNK

09/01/11 8:00 AM

#10125 RE: trademeister #10123

Seems obvious to me the volatility is a direct result of the major shareholder dipute and uncertainity/anxiety it created. I would not be surprised if ABBA had the Manning's account, nor suprised if they took some significant profits by selling large positions knowing they were no longer in control.

But if you look at the big picture, you have to see nobody would waste time or money fighting over crumbs (i.e., a 4 cent company). There's something much bigger at stake imo and we're not exactly privy to it. The insider buy by Vince is a good validation imo.

So it may very well take months for this to pan out and true value reflect in the PPS. Personally, I think sooner than later. You have to be risk averse to invest in any pinkie, but here the risk of being out is we don't know where the PPS will be once it makes its move.

GLTA.

tigerpac

09/01/11 10:08 AM

#10132 RE: trademeister #10123

Thank you for this information.

The filing was late as usual.

Vince was awarded 3 million + shares on May 1. An additional 5 million shares was awarded on August 12th.

I don't recall seeing the 3 million shares disclosed on the 10-Q. It wasn't discussed, but it may have been buried in there.


Certainly that's 8 million more shares of dilution at a time the company is telling you that there won't be any more dilution.

The filing does not say that Vince actually spent any of his own money. The filing lists "0" as price paid.

I think Vince was "awarded" all of this stock for either getting the stock to 10 cents or in conjunction with the struggle for the company where these new shares tipped the balance of power.

If you notice in the Form 4 it lists Code J.

J – Other acquisition or disposition (transaction described in footnotes).

So where on the form is the footnotes? It's not there. So Vince left something off the Form 4 like "stock was awarded as part of XXX".

Vince didn't spend one dime of his money on these shares. Some of you are very gullible if you believe he did. Why would he wait for the stock to reach .10 -.13 to buy when he could have been buying all year long between .03 and .06?