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DrContango

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  • Makism 3D Corp. - Why This $75 Million Company Could Drop By 75% Or More [View article]
    Realist:

    Why does your comment make me think of Will Rogers' great observation?

    There are three kinds of men:
    The one that learns by reading.
    The few who learn by observation.
    The rest of them have to pee on the electric fence for themselves.
    Dec 14 03:19 PM | 1 Like Like |Link to Comment
  • Makism 3D Corp. - Why This $75 Million Company Could Drop By 75% Or More [View article]
    Thank you, Michael.

    There were actually 30M shares in play.

    Nir filed a form 4 on 11/12 indicating that he disposed of his 9M shares on 10/29 for, um, $900. Undoubtedly, these shares are part of the scam.

    http://bit.ly/1j4aOco

    Furthermore, there was the perspicacious private investor who purchased 1M shares for $600K but with only $350K upfront. We can assume that he sold those million shares into the pump, netting ~s1.5M @$1.50/share

    But there's a clause: if Makism doesn't deliver 10 or so Wideboys™ buyer need not complete purchase but must return 500K shares ( which he'll be able to purchase for <$1000. Net profit: at least $1.3M
    Dec 13 05:02 PM | Likes Like |Link to Comment
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