Things should start to heat up shortly. If I am not mistaken, JP's 30 days are up and we should see a filing shortly that shows he has bought back his shares in a private sale.It will cost him a little more than 100,000.00 as the share price was .0385 when he sold them and it is .085 now. Not sure if he promised a fee to have the associate hold the shares for the 30 days. Given the benefits he received for the write off, it makes little difference to him.
If he and his associates or other 9 or 10 in the group have accumulated the needed shares then we will see some activity very soon. To be on the safe side they needed about 30MM overall. JP will be back to at least 5MM shares. It is likely that the others in the group had 1-2MM each. Lets assume 1.5MM for the sake of argument, and that there are 9 others. This would be 15.5MM and add JP's 5MM you get 20.5MM.
We don't know how much of the last 30 days were accumulated by the Peterson camp, but it is possible that it was as much as the needed 9.5MM.
If my assumptions are correct we are about to see the boots to the front door, and the rears to the BOD.
I will give you all a heads up when the doors fly open.
I have a high level of confidence that we move above .10 this week. The question is whether the SP can hold above that level. I believe the answer is yes.
It is also my opinion that this is the last week to accumulate below .10.
Anyone disagree?
GLTA
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