That is a good question - I myself bought a few shares but only in hopes we don't know the full story yet. Probably a dumb move but what the heck I have already lost a good amount so for a few pennies I lowered my avg cost. But there was a lot of shares that changed hands today and I am curious who else was buying.
Since there is less than 300 owners I would say the majority of retail is on this board. Did anyone else pick up shares today?
Anyone in the Boston area where management is located might inquire with The Fraud and Financial Crimes Division attached to the office of Attorney General of Massachusetts or have their their attorney inquire.
Trying to find an edge in the markets? I have 3 words. UltimateStockAlerts! Google them and
sign up. You wont regret it. They only alert listed stocks (no otc) and their picks have been giving
me average returns of around 15% per trade.
The only way for their scheme to work is to keep buying. Otherwise, what is to stop the stakeholders count from going up after this announcement. No guarantee unless they buy to make sure stakeholders overall numbers stay low or goes lower. Who is to say the number wasn't higher than 300 and their aim was to push retail out. Either way, once they remove retail, they are not obligated to disclose anything.
Hi Jess, Very sad state of affairs here, If I was to question anyone on this board, It would be ERIC, I would be willing to bet that he is Stephen Hall, It just makes sense to me, If I was to sue someone , It would be him, I may be wrong, But I don't think so.
This last move removed any vestige this is a real company much less should carry more than one employee. This shell of a company should reduce itself to one employee. It should distribute all profits as a quarterly dividend to shareholders in perpetuity. All royalties and product fees should belong to shareholders on record.
Better question is why are the two people left making over 200k a year each? What have they done?
As shareholders we need accountability for actions. Are they just sitting back collecting a check
And milking this out because my thought is that is what's going on.
That is fraud and could result in criminal action if the shareholders if only even a few seek
Legal council for answer's. ..
If they wanted the BK option would have already been done. My thinking is they realized instead of that option where they would lose all their shares is to wait out this first year and hopefully turn profitable... But who knows I know I am way down and no point in selling might even pick up 1000 - 10000 shares. Less than 300 owners means someone besides retail has big amounts of shares and a lot to lose if company goes bk - but a lot to gain if company takes off. With all the Gal-3 articles coming out nowadays I just can't walk away from this one.
agree...i think this is the chip way to became private most of Flagship companies are private...i did not expect that Flagship can use such scam strategy
That was their game plan all the while. We will never know how the sales are going. If they were going BK, going dark doesn't make sense here.
Clearly the FDA asked further questions. That is normal. They opted to withdraw. Who is to say those questions couldn't be answered fairly easily or not. We just don't know. A haste move but they can always resubmit at any time in the future. In the meantime, it is another dagger at retail.
Interesting fact..they decided to became non public right before actual royalties should flow...Abbott pays them within 60 days..so they should receive q4 royalties at the end of February and appear in Q1 2016 report....perfect timing to go in the dark...
You give these guys to much credit, they could have used that same creative thinking to make this a succeed! But I guess that what crooks do!
Sentiment: Strong Sell
Want a winner? Check out ultimatestockalerts (search em) if you are looking for small cap stocks
before the big run. He has alerted me to a bunch of stocks before they took off.