RE:RE:RE:Still no insider trade reports on SEDItamaracktop wrote: So? John exercised options at forty-one cents on February 9th.
So what?
That's meaningless.
Why did he exercise his options, so he could sell the stock?
If none of the insiders bought the financing, that's about as red as a flag can get.
WTF is going on here?
I wouldn't expect too much insider participation in the offering. Sue probably took a small number, you know, an amount that's for show so she is in no hurry to report it.
This is what is going to go down here imo:
Shortly after this deal closes, and it will, a minimum 1 for 10 reverse split will be executed, with the rational behind it being uplisting to the Nasdaq. If it is indeed a 1 for 10, the resulting share price will drift down from mid $8's to mid $5's within a month, assigning what would be a current equivalent value of about 50 cents a share. It will then drift into the mid $3's or low $4's where it will remain until such time they actually execute a business plan or fail. I'm leaning towards failure at this point given the vibe I'm getting from everything that has occurred. I see this merger as more of a way to muddy the waters surrounding the failures of Exro than anything else. It was getting to crunch time so a big distraction was needed. And of course money was required immediately.
Notice not much conversation about UL cerification, purchase orders or NDA partners anymore?
All just my opinion of course.