3 more 144's yesterday.
Once again, USWB continues to provide evidence that it's core competency is printing and selling shares to the public, and not building websites.
Let's see:
1) We IPO at $7.50
2) A few months later, it looks like there are enough fools in the market to sell more insider shares at $21.00
3) We ramp up the share printing presses to acquire $1,000,000 Web shops for $2,000,000 worth of overvalued shares
4) We print another 20 million shares to acquire an equally average competitor, putting total shares out at around 65 million
5) All the while insiders and acquirees are selling in massive quantities
6) As the stock price tanks due to the insider selling, average results, and a more difficult market for story stocks, we declare that the stock is undervalued and we will repurchase "up to" 1 million shares. Interesting strategy, sell shares to shareholders at 7.5 and within 1 year, buy shares back from shareholders at 14 (Hmmmmmmm, really makes you wonder what these guys are up to).
7)And now, even while the shares have been declared undervalued by the masters of deception, we have continued insider selling.
Hmmmmmmm....really makes you wonder.
Rick. |
