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Blue Holdings Inc. Message Board

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  • nextinbreed nextinbreed Jan 8, 2008 4:02 PM Flag

    What's up with insider selling?

    Guez was owed over $2.5 million from blue holdings. The company and guez converted that debt plus $125,000 into equity.
    mr guez, when converted from pfrd, will receive an additional 4.6 million shares of blue common stock ( conversion price of .58 the current mkt price).
    mr & mrs guez sale three weeks later at .60 looks less troublesome when you view the details. The cash they get might be just enough to cover the $125,000 they put up in november plus the taxes from the sale.
    it doesn't look to me like they are cashing out. They still hold over 18 million shares.

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