Post by
feasttime on Feb 27, 2008 9:59am
Re: Wall @ .11
A great deal of these .11 to .115 sellers are using the proceeds
to convert to .10 cent shares in IIE, with the $$$ going into the
kitty for IIE. 10 Million warrants x .10 cents = $1 Million in new
money for IIE to drill. A lot of the sellers are likely insiders
pumping $ back into the company. Once the selling dries up (early March), we should see this break out!
FT
Comment by
wadeja on Feb 27, 2008 10:31am
If it is insiders, why aren't they reporting their trades???