I found it interesting that Bob signed the guilty plea way back on the 24th of May per the court doc on the other board. His lawyer signed it two days later, and the judge just signed it yesterday.
It looks to me like this whole thing was over coming up with $30,000 college tuition money for his daughter. He must have thought it was a better to liquidate her stock, that he would buy back anyway at a later date, once equipment buying was done, than borrowing cash from the company and it's shareholders.Especially if the shares were already part of the outstanding count anyway. I'll bet the SEC taught him a valuable lesson on that count.)) Sheesh!!!
If I were the sentencing judge I would give Bob a laugh, a handshake, and a don't do that semi-logical stuff again, sentence! LOL! Everywhere you look there are Bernie Madoff's and the SEC has nothing better to do than chase some poor sob trying to come up with some cash for a loved one. Now if it were a billion shares I probably would have voted for a hanging, but this just looks like Bob majored in geometry. The shortest distance between two points is a straight line!! LOL!
By the way.. I am expecting a cold bottle of rumchadda at the shareholders meeting for the stress this has put me through! LOL! Take care boys and girls! We still have the best stock out in the market today, by my guestimation..