most otc companies would jump at the chance to get a block of stock off without harming their stock price (ie to shorts who are just covering their position).
How could AP BUYING 100,000 shares to cover his short position HURT the stock price? Que? Seems to me AP wanted a block of 100,000 shares so he wouldn't have to buy into a thinly traded stock and see the price rocket when he tried to cover, also because as he earlier announced he was short anyone seeing that kind of price activity would have known AP was covering and likely his 300 members would have all covered and there you go rocketing price now why would any OTC CEO want to prevent that? I'd think that would be a pretty good day for them.
The insider trading is on non-public info, agreed. I agree if info was publicly available then there's a problem there saying it's "inside." On the other hand, reports say AP is also alleged to have traded on FBI investigations, and that kind of info is not exactly public knowledge. We've also heard that AP used FBI investigations as leverage to extort free or discounted shares from OTC companies. I don't see what "reasonable excuse" is available to explain that - especially because AP never told anyone here, the public he claimed he was trying to help, remember ---------------->I CAN'T LIE , etc., that he was so close to his targets. For example, what happened to his members when he covered 100k short through extorted shares? He warn them? If not, there's another problem, because he accepted $2.5 mill from his members who he assured knew his positions "consistent with what [he] posts at SI." Seems he never posted his "hard bargaining" with NSOL, for example. Anyone else get discounted shares?
It's all the same story in the end, some people play by the rules; some think they don't apply to them; all those of us who actually follow the law, think it means something, are just naive "dipshits," suckers to be targeted and exploited by the sainted few who are immune from the law and all consequences like AP, Berber et al.
Immunity delusions turning into cold legal reality these days it seems. |
