Replies to post #2378 on Zivo Bioscience Inc (ZIVO)

[cyberbullymouse]

More importantly, what do you think about Gorman making a good living doing nothing, except pretending to run a company with no product and no revs and a history of being a busted scam?

[Amigo Mike]

505,

You may wish to look at the filing a little closer. http://www.sec.gov/Archives/edgar/data/1101026/000107878213001245/xslF345X03/primary_doc.xml

Not only did Gorman purchase the 61,000 shares on the open market, but he did what looks like a cashless exercise of 500,000 warrants that were set to expire this month. Looks like the cashless exercise netted Gorman 304,687 shares.

Total of 365,687 shares.
IMO, the move had to be done given the warrant expiration or lose a big profit. No brainer. The additional market purchase is quite interesting.

An insider does not buy stock on the open market to keep the stock price up. To my knowledge Gorman has NEVER purchased HEPI stock. Hope the same award to Janice Crance 3 years ago went unexercised.

Amigo Mike

[Amigo Mike]

Ya see 505 ?

The insider purchase by Gorman hasn't supported the price. The fact of the matter is there hasn't been much news and unless you are following the company closely, you aren't likely to see what is happening here.

There has been a constant seller for quite some time. That has yet to stop. Simply have more supply than demand at the moment. Hell, could even be someone like Essex Angel Capital selling shares into the market in anticipation of closing the Wellness deal with HEPI. They'd get to pocket some extra cash by doing so.

Lots a different reasons to sell. Only one reason to buy.

Amigo Mike