GREY:ENGFF - Post by User
Comment by
steadfaston Oct 08, 2010 8:43am
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Post# 17544279
RE: Jeff selling shares
RE: Jeff selling sharesRentner:
Thank you so very much for posting of Jeffs disposition. I recall that 231,500 trade at 40.5 cents,
I believe it was on Monday Sept 27th. I hope he sold to purchase shares in the new PP to get the
wts at 65 cents. There was a sentence, last sentence in fact that said "Certain insiders of the
company may participate in the offering". I picked up on that sentence immediately as it had not been
in the July 2009 NR. I would consider this positive news as he wants to be part of the 65 cent wt,
which he can call for conversion 30 days after the stock reaches $1.00. That is 30 days after the 4 month
hold period for PP, so he must feel confident as to what the Congo has.