To quote Reagan, which I never do, "Well, there yo
Post# of 7802
Posted On: 09/09/2015 10:08:05 PM
To quote Reagan, which I never do, "Well, there you go again."
This is why people have a hard time trusting what you post. I'm going to assume that you are just confused and not purposely misleading, yet again, as you are prone to do.
So much wrong information, hard to know where to start.
First off, that last paragraph you quoted from the 10Q simply refers to the amount of shares that Kyle, two directors and another company each own. These fall under the 'related' listing so the two directors are relatives of some sort and have accumulated over 30,000,000 shares since 2012. Sounds like they are NOT selling. The company is controlled by his wife so Kyle and his wife have over 70,000,000 shares. Looks like they are NOT selling either. So other than proving my point, that quote and paragraph do not support your theory.
Also, the next page, page 28 shows a long list of related parties that have made private placements with the company in the year 2014 totaling $87,805. On page 29 is a list of 'related' parties who have loans to SFRX that are in default. Those loans go back as far as 2009 and total $175,000. All of these loans have locked in prices from $.004 a share to $.015 a share.
So two things with that info: first "related" parties or family members are SITTING ON $175,000 in loans they could convert whenever they wanted and they are not doing it and have not done it for as long as SIX YEARS. Did they not get the memo on this being a P&D? You'd think he'd clue his family in on the deal. Second, these loans are locked in and are not death spiral loans as you falsely accused – prices are right there in the 10Q. If he has those types of loans, they are not to 'related' parties.
So, YES, there is great RISK when family members do private purchases.
No, they do NOT get a discount regardless of what the price is.
Family members do NOT have death spiral loans.
Family is NOT selling shares as fast as they can get them and, no, the filings do NOT show that they are, they show the opposite.
And your quoted paragraph does not even pertain to your point.
And with all of these utter lies, you throw in "I know a deck hand posted he knew players..." Uh, right. Because deck hands know a lot about the internal financial workings of the companies they work for. Sorry, we don't buy it.
This is why people have a hard time trusting what you post. I'm going to assume that you are just confused and not purposely misleading, yet again, as you are prone to do.
So much wrong information, hard to know where to start.
First off, that last paragraph you quoted from the 10Q simply refers to the amount of shares that Kyle, two directors and another company each own. These fall under the 'related' listing so the two directors are relatives of some sort and have accumulated over 30,000,000 shares since 2012. Sounds like they are NOT selling. The company is controlled by his wife so Kyle and his wife have over 70,000,000 shares. Looks like they are NOT selling either. So other than proving my point, that quote and paragraph do not support your theory.
Also, the next page, page 28 shows a long list of related parties that have made private placements with the company in the year 2014 totaling $87,805. On page 29 is a list of 'related' parties who have loans to SFRX that are in default. Those loans go back as far as 2009 and total $175,000. All of these loans have locked in prices from $.004 a share to $.015 a share.
So two things with that info: first "related" parties or family members are SITTING ON $175,000 in loans they could convert whenever they wanted and they are not doing it and have not done it for as long as SIX YEARS. Did they not get the memo on this being a P&D? You'd think he'd clue his family in on the deal. Second, these loans are locked in and are not death spiral loans as you falsely accused – prices are right there in the 10Q. If he has those types of loans, they are not to 'related' parties.
So, YES, there is great RISK when family members do private purchases.
No, they do NOT get a discount regardless of what the price is.
Family members do NOT have death spiral loans.
Family is NOT selling shares as fast as they can get them and, no, the filings do NOT show that they are, they show the opposite.
And your quoted paragraph does not even pertain to your point.
And with all of these utter lies, you throw in "I know a deck hand posted he knew players..." Uh, right. Because deck hands know a lot about the internal financial workings of the companies they work for. Sorry, we don't buy it.
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