Form 4 filed by Marc - a GOOD oneWell, well, it looks like Marc is a long-term holder. Form 4 just filed shows a purchase of 1.2 million shares at $0.25, or a $300,000 investment, raising his ownership to 18.2 million shares.
Undoubtedly this represents a conversion of debt from money he put into the company. He clearly could have asked the new management to pay him back in cash (either now or later), and it could easily be understood if he wanted that cash given his already outsized position in the company.
But no, he chose to be a team player and reduce the company's liabilities by $300,000 at his own risk.
Do your really think this stock is going lower from here?
yoyo