Mafia Stock Mobsta's Social Club (Bulls Board) Message Board

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Strategies & Market Trends : Mafia Stock Mobsta's Social Club (Bulls Board)

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To: rrufff who wrote (567)	8/22/2005 9:09:53 AM
From: rrufff	Read Replies (2) of 6687

GSHF - owns 70% of INSQ. This is the 2d PR today. CEO further cancelling shares in INSQ. I originally went into HISC becaus I pick companies perceived to be shareholder friendly as opposed to the long term dilution factories we often see. Take a look at INSQ and GSHF PR's today. INSEQ Chairman Cancels Sale of Stock; Surrenders 50 Million Shares for Retirement by the Company Business Wire - August 22, 2005 08:00 MOUNT ARLINGTON, N.J., Aug 22, 2005 (BUSINESS WIRE) -- INSEQ Corporation (OTC Bulletin Board: INSQ) today announced the cancellation by its chairman, Kevin Kreisler, of his previously planned sale of INSEQ common stock. Mr. Kreisler had previously planned to sell 35 million shares of his INSEQ stock over the next thirty to ninety days under the terms of a 10b5-1 program. No sales were completed to date under this program, in part because Mr. Kreisler's share price goals were not met. Mr. Kreisler will instead surrender all 35 million shares to the Company for retirement, plus an additional 15 million shares of INSEQ common stock issued to Mr. Kreisler for his services earlier this year. "I was impressed with the response I received from a number of our shareholders relative to my planned sale," said Kevin Kreisler, INSEQ's chairman. "I had intended to contribute a portion of the proceeds from these sales to reduce INSEQ's debt. But a number of our shareholders argued that surrendering the shares will be more accretive to shareholder wealth than simply reducing debt today, particularly as we reduce debt with the earnings and surplus assets of INSEQ's planned acquisitions. I re-worked the numbers and they appear to be correct. Accordingly, I am cancelling my planned sale and surrendering these 35 million shares plus an additional 15 million shares of INSEQ common stock that I had received earlier this year for my services."

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