RE:RE:$0.78...WheresMeBrains for President....0% Profit ClubTo SamRothstein;
INP bought 14,879,483 Shares at a purchase price of $0.78 per Share for a total cost of $11,605,996 (NOT $15 millions).
The auction was vastly oversubscribed. They could not used all the intented money ($15 millions) because too many tendered at prices of $0.80 and $0.82.
That so many shareholders agreed to sell so many shares at $0.78 and less is tantamount to a selling climax on the stock exchange !
A selling climax usually augurs well for the next few weeks