Modena did a split and the stock price went down from 0.08 on May 26, 2010 to 0.03 on June 27, 2011. The filings done by AGS show they did not sell any stock during this period.
If you look at Section 3.8 of the AGS Agreement, ?Trading Activities?, the trading of all shares including the free commitment shares received by AGS was expressly allowed in the Agreement, thus, it appears that all the selling was done in accordance with the agreement and the law. Section 3.8 states that ?The Company acknowledges, without exception, that the Investor has the right to sell Common Stock at any and all times during the Commitment Period.?
MDA Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
