RE:RE:RE:RE:RE:RE:RE:... "Scoundrels" ... Doesn't that mean that MT got cash when that deal was setup? So from his perpective, that's when he really disposed of them, for cash but it was packaged as a loan with "pledged shares"?
Absolutely correc to shine a giant spot light on this! These are critical questions that need to be answered!
It's unexplainable that people are here defending this type of very "clever" insider selling. It amounts to a pre-arrranged sale from my perspective. As a previous shareholder it makes me mad anyone would be able to defend this type of action. The more people post here trying to blush this off, the more I feel like calling the lawyers on the case and getting close to them.
There was a complete lack of proper disclosure on this. Which makes the top level management of the company completely unpredictable (to be nice, or TOXIC to be more accurate?).
So if this was in fact some crafty maneuvers or complete incompetence/ignorance, one has to be very careful of the potential "surprise" upsides here.
You have to be crazy to be long or short on this unless you are in the know or have some type of insider track. But if I was either, I would be short. I just don't know what I would put as a stop lools cover price and limit? You set it at $12/15 and there is a BS rumor that climbs it up to $40 and you'll still holding a short you have to cover manually at twice the price!
The stock price will continue to go down day over day until the next shoe falls and that's on the next trigger of the margin calls for those shares exchanged for cash against the loan.