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Chillaxin

06/27/12 11:08 AM

#29142 RE: scrapguy #29140

that information is wrong. there are insiders with unrestricted shares. From what I understand they are not selling because they choose not to sell and are looking to build long term wealth. Take from that what you will. I'm tired of telling most of you on here (yet over and over and over) what are facts plain as day.
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novainvestor

06/27/12 11:13 AM

#29143 RE: scrapguy #29140

That's not accurate Scrap.

The restrictions on the insiders expired some time ago. What prevents them from selling any of their 177,000,000 or so shares is that a) Given the modest trading volume, were they to try and sell even an extremely small portion of their holdings, the market would immediately fall to the floor, and b) While you may not agree with their strategy, they clearly do. So why sell now at 9cents when they believe the stock to have great potential.

Restrictions are no longer the reason. Common, and business, sense are.