dunno...truth be told, this is my first brush with a 13E-3.
But, will say this, it seems squirrely to me, first rattle outta the box.
First mention I see of the R/S followed by an immediate F/S is the 13E-3 dated Aug. 7. In that one, in the 2nd paragraph, the company is already wrangling to set up the "Pay Date" as the "Ex-Date," or at least the "Record Date." In other words, how can a filing on the 7th make an effective date for the day before, on the 6th? That flies all over 10b-17.
Next is the 8K, also dated Aug. 7. There, the company uses more flat and neutral language, aka, "the effective date." What are they hiding?
Then there's three, very slippery amendments to the 13E-E, each casted as a 13E-3A.
Bottom line? Looks like stock fraud, to me...
For instance, if peeps are getting F/S shares instead of cash payouts....well, uh, what happened with that Form 15 filing--when the company de-regged on Christmas Eve?
Their whole point was to de-register with less than 300 shareholders. If they're not cashing out, they must have more than 300 shareholders, I'm thinking.
As in the Nathan Drage/MXSV affair, something is very wrong here.
