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Re: namtae post# 4902

Thursday, 12/04/2014 3:50:42 PM

Thursday, December 04, 2014 3:50:42 PM

Post# of 6440
Nobody has been harmed by my decision not to require escrow.

I needed to see what Bill and Shelly would do. Whether to allow them to offer and promote shares of stock to the public partially in my name depends on their integrity.

If they cannot be trusted unless there is a police officer standing over them watching their every move then they can't be allowed to control the company. Period. Show me how your idea of escrow would reveal that?

They must be allowed to show their true colors, and if they demonstrate that they are honestly building valuable businesses working together then nobody has any right to stop them.

I already stopped Shelly from deceiving the transfer agent for ADIA and the tens of millions of shares of stock he attempted to issue fraudulently were blocked from becoming free-trading. It is frustrating that such oversight of his activities is needed to protect shareholders, but that's what is now being resolved conclusively one way or another by recent events.

Meanwhile, you will recall that I had to deal with an SEC investigation and that put my plans on-hold anyway. Your idealistic notion of how things are supposed to be done just fails to work in the real world unless you or somebody like you provides millions of dollars in capital and is happy to see it being spent on lawyers.