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ZAGG Inc Message Board

  • theguapo theguapo Nov 19, 2010 2:57 AM Flag

    Huge red flag

    Anyone whose read my posts know Ive been highly critical of Wothless Pennies continuous bash campaign and have called this guy out on many of his accusations. But one of my jobs as an investors is to not be emotional or defend a company simply because I'm long (which I am here - and that may change soon), but to thoroughly research everything to get a real assessment.

    I found something that is highly disturbing to me tonight and I'm hoping someone can alleviate my fears here, or we may soon have ourselves a halted stock that re-opens for zero and change.

    Look at the dates of Brandon T. O'Brien's sales, he claims he sold 90 thousand shares of ZAGG on September 22, 2010 at an average price of 8 and some change.

    Problem is, ZAGG was no where near that price on September 22, 2010, it was in the 4 dollar area, so how on earth could O'Brien sell all those shares on 9/22/10 at an average price of 8 and change? It's impossible.

    This suddenly gives credence to some of the negative posts worthless pennies has written. For example, do some research on the former company O'Brien used to work for and what happened to them.

    The reason this is scaring me is because you are now now not talking about real fundamentals, business related issues, but potential fraud. And if there is fraud, we could wake up one morning to find this stock halted with no way to get our money out until it re-opens, which if fraud is proven, there would be no money left to get out, we are talking zero pps.

    Any enlightenment would be appreciated. Or am I just way off base and missing something here? I hope so, but I don't think so. Please study this carefully.

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