Coachman, don't you get it? There are only 2 possibilities here:
1. The "IPO" was delayed until July. Real IPOs can get pushed out, so why cant fake crim ones like this "IPO" have been pushed out?
2. The "IPO" was in May, and stuckholders bought in at $5.00, then a few short months later the company did a private round at $1.24. This would imply that the "IPO" pricing in May was completely arbitrary, and that favored investors got shares at $1.24, while suckers got shares at the "IPO" price.
Either way, Coachman, it stinks on ice.
Furthmore, are you forgetting the stock split? You have to look at the stock sales on a split adjusted basis. That would make the original amount of shares DOUBLE, so not 1m but 2m, and the price would be halved, so not $5.00 (the "IPO" price) but $2.50. However a split DOES NOT change the absolute dollars received, in this case $324,984.
Coachman, the evidence is piling up, the numbers are from ZCrap's own filings. Since you obviously will not believe me, most likely because you are a tout or an insider, I am asking you to believe THEIR (Your?) OWN WORDS. |
