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Re: MaK post# 31137

Wednesday, 02/25/2015 11:46:51 AM

Wednesday, February 25, 2015 11:46:51 AM

Post# of 32985
Please. Complete BS. It's the same Rox crew trying to sell sour milk in new containers.

Here's how "Saul" plays, trying to illegally remove "restricted stock" legends:

http://www.courthousenews.com/2013/07/26/59717.htm

Friday, July 26, 2013
What Going on Here? Stock Transfer Firm Asks

SALT LAKE CITY (CN) - Fearing a securities shell game, a stock transfer agency wants to deposit 30 million shares of Mindpix Corp. with a court, and it says more shares may be on the way.

Standard Registrar & Transfer sued Nevada-based Mindpix, Emax Media and Premier Capital Holdings, in Salt Lake County Court.

Standard Registrar claims it has received conflicting instructions, from attorneys, about who is on the Mindpix board, and which attorney represents them...

"On or about July 1, 2013, Saul D. Federman, in his capacity as the Chief Operating Officer of Mindpix, sent Petitioner a letter placing a 'stop transfer' on 73,833,000 shares owned by Emax, shares that include the 30 million shares subject of Andrade's opinion. Federman's letter also included the same instructions relative to an additional 75 million shares registered in the name of Emax Worldwide, Inc., a presumed affiliate of Emax.

"Because Emax is believed to be an affiliate of Emax Worldwide, Inc., aggregating these shares together comprises nearly 149 million shares or approximately 11.44 percent of Mindpix's 1,302,054,343 or total issued and outstanding shares. This percentage exceeding 10 percent would make the two entities, if indeed affiliated with one another, 'affiliates' of the issuer, Mindpix, under federal securities laws. Such would arguably restrict their right to transfer and sell shares of Mindpix under certain circumstances.

"On or about July 5, 2013, Andrade supplemented his June 12, 2013, opinion letter with additional information and documentation.

"On or about the same day, July 5, 2013, Petitioner received an email from Mindpix's COO informing Petitioner that Petitioner should only accept opinion letters from an attorney in Ft. Lauderdale, Fla., named Jonathan D. Lienwand, in order to remove any restrictive legends from Mindpix shares...

"Petitioner is fearful that it will be pressured to honor opinions and remove restrictive legends on Mindpix stock and transfer the same unlawfully. Further, it is fearful that it will be pressured to take direction from a board of directors that is not the lawful board of Mindpix, something that fundamentally undermines its duties and obligations as a stock transfer agency.

"In addition, petitioner may be faced with the requirement to effectuate transfer or be faced with personal liability to the proposed transferor under Article 8 of the Utah Uniform Commercial Code and otherwise."




Jordan Belfort in "Wolf of Wall Street": "Rich people don't buy penny stocks. They're too smart."

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