Just as importantly, questions should be asked about the timing of the Colt announcement on the 12th, only 4 days before the stock went into a trading halt and subsequently into administration. That announcement caused the SP to double instantly and encouraged buyers to cough up $100k only to lose everything a few days later.
In what sort of screwed up environment can you release a seemingly glowing announcement of hope while in reality being moments away from looking up administrators in the yellow pages and drafting a trading halt announcement ?
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