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Cereplast, Inc. Message Board

  • mobiletechsolutions Feb 7, 2013 9:13 PM Flag

    Enough!! Lets talk about this supposed "insider selling"

    First here is the news; (which is old news)

    (1) Bryan Collins and Samuel Oshana are the Managers of IBC Funds, LLC.

    (2) IBC Funds, LLC beneficially owns 4,782,928 shares of common stock of Cereplast, Inc., par value $0.001, representing approximately 2.5% of the outstanding shares of Common Stock. On January 25, 2013, IBC Funds entered into a private debt purchase transaction with various shareholders of Cereplast, Inc. The shares of Common Stock reported herein were issued pursuant to a conversion of such purchased debt, and were issued on January 29, 2013. Since January 29, 2013, IBC Funds, LLC has sold 12,817,072 of the original 17,600,000 shares reported.

    Item 3. Source and Amount of Funds or Other Consideration.

    The aggregate purchase price of the 17,600,000 shares of common stock originally held, of which 4,782,928 are currently beneficially held by IBC Funds LLC was $114,400. All of the shares of common stock beneficially held by IBC Funds LLC were paid for with working capital of IBC Funds, LLC. IBC Funds acquired the shares of Common Stock owned as of the date hereof pursuant to a private debt purchase and conversion transaction in January of 2013. The purchase documents are included as Exhibit 2 to the Original Schedule 13D and are incorporated by reference herein.

    So we have IBC loaning CERP $114,400 / 17,600,000 = .0065 per share this price was based on a 30% discount to the previous moving average of the stock which had been trading as low as .0096.

    Now I'm sure we all understand that first this is NOT insider trading!! This is a business transaction between IBC and CERP you could have offered CERP the same deal and they would have made it with you had you wanted to lend them $114,400 dollars. And keep in mind IBC had no idea that they could unload their shares for above what they paid for them if at all.

    IBC took that risk on in exchange for the discount being offered on the share price. Now low and behold the stock takes off it's going gang busters and IBC has made in a little over a week around 300 to 400 % return on their investment so they sold the entire position or most of it off. Make since??

    Now here's the rest of the story YOU could have bought CERP at the same darn time for .0096 and made 300 to 400 % on your money as well by selling right now!!!!! lol

    And the final part in my opinion buying in at the current price per share now will be compared to buying in at .0096 in a few weeks when the stock is up another 300 to 400 percent from today!

    Good Luck to you no matter what you invest in.


    Sentiment: Strong Buy

0.0101-0.0019(-15.83%)11:45 AMEDT

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