SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : LBAS - Location Based Technologies
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: koolaid who wrote (124)4/21/2010 7:10:55 PM
From: notimetowaste2Read Replies (2) of 152
 
I am in the business so I know what the market is; however, you really don't even need to be in the business to see something like this that is so incredibly obvious. You just need to give it a little bit of thought and use your common sense. Please answer this question: Do you REALLY think that an experience investor would tie their hands and buy restricted stock (that they can't sell on the open market for 6 months) for a measly 12% discount; when the stock has just steadily DECLINED BY 35% (from $0.57 to $0.35)in the 30 days preceding the agreement date? Of course not. With that trend, they would end up under water in 10 days with restricted stock. Only an incredibly incompetent and slightly retarded investor would do this. I think you can see the point. The other major clue is that there was no attempt to even execute the SPA and make the first transfer, even though it was signed and called out a 3 day schedule.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News