To: MeDroogies who wrote (873 ) 5/4/1998 10:23:00 AM From: RCJIII Read Replies (2) | Respond to of 2278
I have been reading through the weekend posts, can someone who has been following them please tell me what Alan and others have alleged. I saw that someone claimed that since 2 million shares were issued recently that insiders were selling. I also saw that they claimed La Jolla may be secretly dumping for insiders. I take it by the upward move in the stock price today that no one believes this stuff. About the 2 million shares: Gaer and others have been working for stock and not money, thus even if they issued shares to themselves and have sold a few (which I have no evidence of) who cares. Gaer sold shares a few months back at around .05 per share, he told a shareholder he needed the money since he is not being paid. I suppose the other claim is that we are being set up and scammed by management who spreads the $300 million rumor and then sells out on the spike. I have never met anyone at Greenland personally, but I have been following the company for over a year and have spoken on the phone with them several times. They have always been very honest and upfront. I called about 9 months ago and they said not to expect much from the stock price for the rest of 1997. They said they would be debugging the product and thus would make huge deals until they were satisfied their AMR had no flaws. He said 1998 would be the year for the stock to rise. It seems to me a dishonest group of scammers would never say the stock price wouldn't move and that no big deals would be signed for awhile. If you don't believe what you've been told by posters on SI: call the company yourself, call the utilities that have hosted the pilot programs, do your own research. I am sticking with this one for the long term, don't believe the naysayers or even those promoting the stock. Check it out yourselves. Has anyone called the company to see if they will formally respond to these allegations. I am sure they will if asked. Again, I think the stock price says it all, as I write this we are up .10 today. Even after this weekend's B.S. we are up dramatically, with no news. Hang tough, the existence of these naysayers proves someone is nervous and it isn't a long shareholder. RCJIII