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DeeDog

03/11/14 8:39 PM

#12570 RE: Sage7243 #12569

No problem, I hope it helps. You may have also noticed that I corrected myself on a second post about the CEO's shares. He didn't buy them, he received them. He can cash them in at .064 to get the full amount he was paid but he can convert them (sell them to us) any time after the 17th if he wants. He'll just be accepting less than face value, maybe much less. I wouldn't do it if I were him and if I had confidence in the company.

We may want to watch for a Form 4 around that date, notice of principal selling shares. I think he has 3 days to file a form 4 with the SEC for any shares he sells if he holds at least 5% of the stock in the company...IIRC. I haven't looked to see how many shares he owns.