Saturday, May 23, 2015 8:45:11 AM
Legally, of curse, that's not the case, unless one or both companies failed to meet the law's requirements and announce this to the stockholders. But it would make no sense to do that.
We know that De Facto their businesses are interwoven, as Hodge, Baird, Henthorn, Gershuny and some others play the game as a group all the time. But for legal purposes, the only thing that matters is De Jure relationships. And there is not one anywhere.
RLTR is not a five percent holder of stock in CBMJ and the reverse is not true either. Therefore, there are no legal restriction requirements. If there were any, they were self-imposed.
Furthermore, the RLTR financial release declares it as income at one end and a loss at the other. Therefore, these are not RSUs. Funny how complicated RLTR makes its income statement considering it has no other revenues except those declared in connection with this phony transaction with an "affiliate" that is really not an affiliate. You aer just making my case stronger.
And why would I have to open a bank account. You should have had one and you should have transferred it to me. Are you claiming that CEO have to open new back accounts and are not able to use the existing ones? The only one who was never voted into anything was Hodge. The stockholders did not fight it because the company is so deep in debt they did not consider it worthwhile.
And, here we are, CBMJ could have issued RLTR shares to the tune of just under five percent of the total and they would not have been restricted. If they had done that, they would have been in compliance with the law and RLTR could have sold its shares without a hitch. They blew it. Then RLTR could have paid all the liabilities to the IRS and still had a couple of hundred thousand to play with, some of which could have the channeled back to CNMJ and BCCI. Not only that but also the shares of RLTR would have gone up in price and the shares of RLTR that BCCI is holding would have been worth a lot more, which means Barry could have sold some of them and have money go directly into the BCCI account, with which he could have done something. But you all were too dumb to figure that out even though you are all always thinking about how to scam the investing public.
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