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Friday, September 04, 2015 12:22:10 PM
COR's own language that supports they likly didn't even know the dividend eligibility of the shares. Wooops
22. Because these new shares were issued after the June 30, 2015 record date, they were not eligible for the dividends attached to the previous shares.
35. All 327 million of these shares were issued after the June 30, 2015 record date, and therefore Nobilis never received a dividend on any of these shares, as none was owed to it.
38. Having no reason to believe any dividend was owed to Calissio for these shares, because these shares were issued after the June 30, 2015 record date
48. The 327 million shares (in whole or in part) sold by Nobilis (through COR Clearing) to Calissio and/or its affiliates were issued after the June 30, 2015 record date, and thus were ineligible for any dividends.
66. Nobilis—and thus COR Clearing, who stood in the shoes of Nobilis for the sale to Calissio—sold its shares of Calissio stock back to Calissio for a lower price than it otherwise would have, relying on its reasonable and correct belief that these shares were not eligible for dividends. This is evidenced by the fact that the net proceeds for the sale of shares were only $700,000, while the dividends were over $3.3 million.
68. For its part in this fraudulent scheme, Calissio issued the dividend-ineligible stocks, omitted material information about dilutive share issuances, and misrepresented the dividend eligibility of the shares.
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