Replies to post #23020 on Propellus Inc (PRPS)

[arizuela]

EastCoastCdn, Sheeeesh, there are No Violations.

Arizuela

[EarnestDD]

The officers got quite the premium for their shares.
104,000 / 821,812 = $0.1265/share

I would say that is highly suspicious.
jmo

In June 2012, the Company bought back 821,812 shares of common stock from these two officers as treasury stock with the short-term notes of $104,000 which accrue interest at 6.5 percent per annum with maturity dates of less than 1 year.