RE:Pump & dump ??? ... "Stock of the Decade" ... Always suspect when an oil and gas guy steps into another field it is like a guy who trades diamonds buying tulip stock.
But let look at what he says, management bought the private placement at .30 cents per share (great way to average down) however the share price then ran up to $1.00 at the same moment it was being sold and diluted for .30 cents... a little strange. Anyways we know these guys don’t play fair with their investors.
So what if these guys bought the shares (10,000,000) (giving the market a strong sign of support) put in the sell clause to you know show they are going to hold because they have to and threw out a few paid news letters pushed that price up and then started dumping the shares they already hold on the marked you know taking that sweet sweet 3.3 times premium. It was make them some nice cash while averaging them down.
Now this would have to be traded as anon after all it would affect the share price, and it is in no way illegal………. arnt theories fun I guess we will see when the next insider share holding report is posted.