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Re: BEK post# 44723

Monday, 06/02/2014 5:05:03 PM

Monday, June 02, 2014 5:05:03 PM

Post# of 140287
THAT's what I don't like. It WON'T do shareholders any good to spin off WORTHLESS shares to them.
The GEAR shares that ppl received will NEVER be worth anything of value. It's just a ploy to keep ppl buying this stock.
IF the stock GEAR ever does IPO, those spin-off shares will be restricted for at least a YEAR - meaning you cannot sell them - and won't be worth the paper they're printed on when you can.

I speak from experience. I still have the cusip numbers of WORTHLESS spin-off shares in my account from years ago....that would cost me $100s to remove from my account my broker told me.

You can believe me or not. If not, peeps will learn the hard way.

If we lose freedom here, there's no place to escape to...this is the last stand on earth. (America)