InvestorsHub Logo
icon url

shark44

08/02/13 1:14 PM

#656 RE: wishmd #655

I have level 2. Nothing has been in large blocks, mostly 5000 and 10000 shares at a time. One block at 50,000 which is nothing . I own 200,000 so your idea that someone is trying to play VRNG and BCYP is wrong.
icon url

wishmd

08/02/13 1:19 PM

#657 RE: wishmd #655

EDVA's response to my question:

"If an officer of BCYP were selling into the market would they not have to divulge that information? Bill Ogle was awarded 7% of the company’s shares as part of his compensation package. If he is selling some of those shares, maybe?"

Response: "This is not Bill Ogle selling his shares trust me on that! Resistance levels at .13 or so are quite strong. Someone just wants out or was compensated in shares (there was a penny promotion from some time ago that had millions of shares attached to it but our guess was that most of that was burned off) and is a trader with no interest in the underlying asset or the case. It could also be that whoever it is wants to play the VRNG Judge’s decision on RR which I have said repeatedly. My advice is to relax and wait. I never recommend that people enter these cases without a degree of patience. Look at how long it has taken VRNG to finally be at the doorstep of a company changing decision. I do not expect either the Worlds or the Blue Calypso cases to follow that same path for reasons that I have already enumerated. Those that are bullish, as we are, buy in these situations in order to average down on their investment."