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CMKX--- 1 more time
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[QUOTE]Originally posted by legaleagle: [QB] [QUOTE]Originally posted by Upside: [b]Sorry for responding the way I did legal. However, you seem to know what you're talking about here so maybe you should post all of the information. The suspension was over then and the stock was trading again so he's free to sell if he wants. Also it was a code "s" sale so since it didn't show up in the daily volume it was a private sale. Also, if you look at the form 4, all of his sales and purchaes go through at something other than market price. On March 22nd he sold 31,900 shares at $6.78 when the stock was at $2.40. In July he sold a total of 50,000 between $2.57 and $5.53 when the stock was in a range between .90 and $2.45. His few purchases have been the same way, all well above the market price. It happens all the time and to isolate one example to validate the conspiracy theory is bending the truth a bit, don't you agree?[/b][/QUOTE] Upside, the suspension was over by two days but we do not know if the investigation was ongoing or not. And for the major shareholder of the company to unload that many shares just two days after, is to invite a run on that company, or a reopeining of the investigation, if closed. My answer was in response to bill1352's question: "its a non story, is not true period. unless someone knows a way to cover restricted shares with common shares." The better way to cover restricted shares is to buy them from the company, or a major corporate shareholder. And we know that a major corporate shareholder was placing a private sale just two days after his company was suspended from trading. I was only trying to answer his question with a possible scenario. To accuse me of "bending the truth" to validate your opinion that there is no NS positon is a little unfair as well. [/QB][/QUOTE]
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