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Alias Born | 10/14/2009 |
Tuesday, February 03, 2015 7:42:45 PM
I have an opinion regarding this:
As I expected, no official "no-action" review of the documents were submitted before pushing thru with the magistrate approving the settlement, which we both know is merely a formality if all parties agree to the terms within.
And of course they do, all parties stand to benefit from the free trading issuance of these exemption shares.
It will be interesting to see what communication with the SEC Goulding produces, if any.
However, there is ZERO equivalent to an official "no-action" review being requested beforehand. Now that option is no longer available, of which I am sure you are aware.
Nothing of what I have read persuades me that this is a legitimate Section 3(a)(10) exemption as construed. The intent of the exemption is to provide "bona-fide" debt relief only.
Forward looking statements of building future MJ facilities such as MPT and WOM is not legitimate debt IMO. There are plenty of other options for seeking financing short of going the Section 3(a)(10) route, 504' 506's S-1 registrations etc. We both know this.
In conclusion we must disagree on the legitimacy of the Section 3(a)(10) exemption being effected for the primary reason of facilitating future endeavors. I do however appreciate your ability to discuss things intelligently and from an experienced perspective.
In conclusion I think this Section 3(a)(10) exemption constitutes fraud and that it is an attempt to fleece the public for money from six very unsuccessful companies by their own lack of merit and fundamental value whatsoever.
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