Well My thoughts are IF those are the pearlman shares they are very near or at the allowable sales limit on the open market in a one month period already if you add together the larger sales over the last few days. Perhaps he was told to go ahead and sell the one month limit and then the company would buy back the remaining shares at a predetermined price. Lets Pearlman make a premium on a few shares and then probably does pretty good on what ever price EGOC may have agreed upon. IF those are some pearlman shares and FINRA is telling EGOC that they have to finalize the sales of those pearlman shares before they can authorize a name/ticker change then I am pretty sure Yicheng doesn't want to wait many many months while Pearlman sells the predetermined lots over many months. This would be not good for EGOC, not good for Pearlman and the group he represents.. You would think all parties would come to a speedy acceptable resolution concerning those shares especially if FINRA wants something done with those shares in order to proceed with the name change. IT is all speculation and guess work at this point but some or all of that makes sense. Thanks for throwing out some possible scenarios.. good stuff. Definitely going to add to my stock pile and let's see how Friday goes! I am pretty jazzed about buying this dip! cheers. And again we are just kicking around some possible ideas on what is going on.
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What I post is my opinions and thoughts based on my research. Please do your own DD before buying or selling any stock. I am just as capable as the next guy in making good or bad investment choices! We win a few, we lose a few. That is the nature of the game!