Kerry, one wonders about the "facts" contained on the "eraider" site.
"We contacted 16 institutional investors who collectively hold over 4 million shares. All but one were at least cautiously willing to support us, pending a report on the meeting with management. The one exception (who will remain unnamed because they may still be an ally someday) uttered the memorable quote to Deborah, "Lady, we don't care, we're an index fund!"
Above found at: http://www.eraider.com/message.cfm?topicID=45&catID=91&messagenumber=152
Their Yahoo profile lists 36 institutions, holding about 2.7 million shares, all very nicely documented. I find it hard to believe that institutions have rushed to increase their holdings by 50 percent recently.
The "index fund" quote, in addition to sounding incredibly canned, is pretty hard to believe. How does an OTC-BB wind up in an index fund?
Aaron Brown, one of the "professors" involved, is listed on one Yeshiva University list as an "assistant adjunct professor" and on another as merely an "instructor". "Professor" seems to be stretching it a bit for a part-time instructor, but perhaps it just sounds that way to me.
In a way, this looks like a high-class "Tokyo Joe" operation. Buy the stock, flog it, cash out. |
