Oh, I'm sure that is not the case. Textor managed to get 116 million out of his various deals and this kind of pump and dump scheme, as far as the stock goes is quite common. The way it works is you buy short (you are betting on it going down) as well as selling the initial shares before the crash. Records show that Textor did, indeed exercise his options before the crash.
You can be sure that he is NOT hurting. On Mon, Sep 10, 2012 at 10:10 AM, Eric Thivierge <ethivie...@gmail.com>wrote: > Not sure the school will still have the dynamic as there is no local > studio to supervise. We'll have to wait and see. > > Also, it may have been Mr. Textor's plan if he indeed was trying to pull a > con, however it didn't work out for him. He's in the hole quite a lot of > money in that he owns like 23% of the stock and has tanked since its > original offering price. He had put up 2 houses as collateral and borrowed > from another one of the investors so I don't believe he is in good shape > here. Maybe a failed con if he was indeed trying to con. Costly if so. > > > -------------------------------------------- > Eric Thivierge > http://www.ethivierge.com > -- Best Regards, * Stephen P. Davidson** **(954) 552-7956 * sdavid...@3danimationmagic.com <http://www.3danimationmagic.com>
