Thursday, May 18, 2017 6:50:21 PM
DD showed Bob didnt even issue restricted stock(other than hard certificates to family members and the restricted stock was not such a hard certificate). It was oppenheimers error to accept that small amount of stock before its time- opp received a slap on the wrist-a fine which was very small cf to opps revenue.
ca $6000 in stock was probably less than 1/10 of 1% of the stock.
its so bizzare its hard to come up w a proper analogy. The authorities dont confiscate all cash in the economy without notice just because at any given time there is always millions of counterfeit dollars floating out there.
If a grocery store received a small amount of product that was expired the authorities dont come against everybody who bought from such store over the previous years and dont confiscate their groceries without compensation.
Meanwhile dtcc illegally took our stock-our property without notice-even though we had nothing to do w oppenheimers error.
those who are aware of the law like myself thought these would be temporary things because they were illegal on a scale never experienced before adcould not even be imagined- thats where the true scam was- these illegal takings greenlighted by a politician who thought all business was evil and had to be stopped.
Bob didnt even know where the restricted stock could have come from and as i said dd confirmed there was no issuance of restricted stock esp in the previous year.
Out of over 100 oppenheimer offices the improper acceptance of the restricted stock before its time-and the stock would have been free trading at least since 2010- the improper transaction occurred in boca raton florida, a high fraud district where the corporation that previously inhabited the cwrn legal structure(sometimes improperly called a shell)-Casino Airlinks- was based. So one thought was that a principal of casino airlinks had somehow traded his casino airlinks stock for cwrn stock -makes as much sense as anything else.
SEC went through all CWRN stock transactions and could not find anything improper w such.
CWRN had no part in oppenheimers error, let alone longs-who are innocent 3rd party purchasers-again a legal term- innocent 3rd party purchasers are NEVER held liable in the law.
When these co's issue restricted stock it is not free trading for 6-12 months -depending on their sec status. These co's usually get into trouble when their lawyer or ceo issues a letter stating that previously restricted stock is now free trading-based on the amount of time that has transpired since its issuance etc.
But Bob never issued restricted stock,let alone in the year prior to the oppenheimer transaction,and thus never issued such a letter.
and such stock would've been free trading by 2010 anyway-so what was dtcc's excuse for keeping the stock chilled-there is none imo.
Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?
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