On Wednesday, June 7, 2017 Board Of Directors Member Henry Feinberg Bought 50,000 Shares…

His average price on those purchases is now about a dime MORE expensive than tonight’s close. [He made a same sized (50,000 share) purchase in May of 2016, at a much higher price.]

This time, he bought at around $2.47 — and the stock closed at $2.35 tonight on the NASDAQ OTC. Y A W N. . . .

The last few days have been heavy volume, down bubble action, as Bob has noted — in our comments section.

It is looking more and more like Bob will be right — the next capital raise will be at a below $2 price, in the fall. I was guessing $2.50.

Bob is very likely closer to reality than I was/will be, once again. Now you know.

But the company will need more capital/cash  in the fall — and all the lending windows are very likely closed now, to this company. That leaves only more stock sales. UGLY.

One thought on “On Wednesday, June 7, 2017 Board Of Directors Member Henry Feinberg Bought 50,000 Shares…”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.