Replies to post #63934 on The Golden Lounge

[garrett800ca]

I'm sure that is what the SEC has been doing for the past 3 weeks, trying to figure out who sold what and when.

This is a very big mess, but the root cause can be traced back to one person who owned 1 share of GVRP thinking they had 3,000,000 shares and trying to dump in the middle of hype merger news. I'm sure it wasn't very hard to figure out who that was. Could have been grandma.

IMO, the SEC needs to look at INTENT here as well. They (the insider) INTENDED to sell right after that news release so that they could make big bucks, as much as $1,000,000 if you figure 250,000 shares X $4.00. They thought they were pulling off the usual scam, causing a public interest in the shares so that they could dump. Then they were warned by the good people here like SSP and Jim, but their answer was "no, don't tell anyone, just let them (the public) keep buying shares." Be careful what you wish for.....