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Varchild2008 (84.38)

ADSI Saves Lives

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September 16, 2009 – Comments (3)

(EAG) American Defense Systems.... Insider Buy:  10,000 Shares... Sep. 10th.

?

That's all I gotta say on that.  Well.. Besides also saying that the stock price is below 50 cents a share..  This is ludicrous.   Insiders have bought into this stock as high as $1.05 a share.

.49   today

$1.05    yesterday...

12 months from now?

Well.. Stay Tuned.... Typically insiders buy ahead of good news..sell ahead of poor...  But, that formula frequently doesn't work....So....*Shrug*  I have nothing to say.

I will say.. that as a holder of 7571 shares of (EAG)... And seeing this insider buy 1 week after previous press release showing that the big Marine Contract $30 million money is coming in much earlier than expected.... That's all good news to me... A confidence booster.

I think I just went from "Looking to sell off my entire stake of EAG at the end of this month"
to "I'll stick it out to next year to see what happens."

ADSI saves lives....  Maybe it will save itself from their existing debt obligations afterall.

3 Comments – Post Your Own

#1) On September 16, 2009 at 4:54 PM, Varchild2008 (84.38) wrote:

CLARIFICATION!

I do not mean that EAG was $1.05 yesterday litterally.

I mean it was $1.05 last year....actually much higher than that last year... It IPOed back in MAY.

This EAG penny stock is not a bulletin board stock....
It's on the NYSE Alter Next exchange...or something....
So, it is on an exchange... a legit exchange....

It's got that going for it at least.. well other than the fact that their ARMOR products WORK and WORK Well...

I hate to imagine a company like EAG going under.. I don't see that happening... They serve a purpose that is far too important.

I mean... Can you see your local General Hospital just folding?
That's how I feel about EAG.   They go under.... Where will the Marines get their Crew Protection Kits from?

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#2) On September 16, 2009 at 4:54 PM, Varchild2008 (84.38) wrote:

CLARIFICATION!

I do not mean that EAG was $1.05 yesterday litterally.

I mean it was $1.05 last year....actually much higher than that last year... It IPOed back in MAY.

This EAG penny stock is not a bulletin board stock....
It's on the NYSE Alter Next exchange...or something....
So, it is on an exchange... a legit exchange....

It's got that going for it at least.. well other than the fact that their ARMOR products WORK and WORK Well...

I hate to imagine a company like EAG going under.. I don't see that happening... They serve a purpose that is far too important.

I mean... Can you see your local General Hospital just folding?
That's how I feel about EAG.   They go under.... Where will the Marines get their Crew Protection Kits from?

Report this comment
#3) On December 31, 2010 at 4:21 AM, HARE90 wrote:

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