"I keep coming back to the fact that Lori's share ownership continues to grow. I don't like the way she pulled off the last PP, but take comfort in the fact that she used this to increase her ownership. I am not suggesting anything illegal, but the reality is that she knows a lot more about this property than I do. She is not selling. Good enough for me." -- Colder
At this point in time the SP is languishing and as such there is currently a legitimate risk of the SP to drop below the PP of $1.80 if any of the following happen.
- bad results
- a continued period of no results news
Why I share the sentiment of Colder that Lori's increased ownership through the PP is a positive sign is because her increased investment is in excess of 1 million dollars (which is no small change for anyone)...more importantly according to the securities legislation those who participated in the PP cannot sell their newly acquired interest until Feb 8 2012. Basically should anything happen to cause the SP to drop significantly Lori's hands would be tied and wouldn't be able to sell those shares to mitigate her losses.
In short Lori when making the decision to take a significant piece of the PP on Oct 7 2011 must have been very confident in her own mind that bad results was not in the cards....otherwise why would one tie their hands for 4 months at such a critical time, which in large part will determine the company's future value.
Just one man's opinion,
S.
