Sino Clean Energy Inc Message Board
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Insider buys are a common trick at fraud cos.
CCME had a $1.5 mill. buy by the CFO shortly before the halt.
Aremissoft, a huge fraud in 2001 where all revenue was fabricated like SCEI, had a huge insider buy when they could no longer disprove their critics.
It is a last-ditch, desperate effort when the end is near.-
Why do you think that it is fraud company when the CEO is buying the shires. have you noticed that when the CEO of LEE bought the shares the stock went up as the CEO showed faith in his company and put his money to take care of short sellers. This is same is going to happen tomorrow, just wait.
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Thanks for giving me yet another 100% gain!
You and Alfred are my best buds.
Why do you keep setting yourselves up for such obvious short-squeezes?- 1 Reply to mizesaw
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Party on.
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No - the CFO of CCME bought about 5 months before the halt; I believe he purchased in October and the stock was halted in March
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You miserable LIAR. CCME is just halted, nothing wrong PROVED so far.
- 1 Reply to lallalie
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If there was any proved wrong doing then, the perpetrators would have been found guilty in court and the stock would either be trading or the company would not be a going concern.
Since this has not yet happened, CCME is halted because they have not responded to NASDAQ listing requirements. Shorts are still paying interest on their borrowings and longs have effectively lost all their money.
Insider buys, after a company has already lost 90% of its market cap, indicate either they intend to save a company from bankruptcy or it is the last hurrah to raise the stock price so friends call sell.
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your statements were verified as correct
- 1 Reply to my_point_now
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Help me here Duluth GA.
You apparnetly have more wisdom than I.
Do these insiders actually buy so that they can lose money or do they just report that they have bought when in fact they have not done so?
Please enlighten me.
Thanks
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May I politely inquire as to whether or not your IQ is in triple digits?
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There are literally hundreds of instances where the opposite is true - a CEO ends up buying shares when the price falls and the company turns out to be completely legitimate.
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