Calissio Resources Group Inc (CRGP)

[ntbiotech]

Looks to me anyone who would have converted CGRP debt to new shares after the record date and sold them prior to the ex-dividend date would have gotten a due bill notice without getting any dividend because they were not a shareholder on the record date. Looks like COR had a client who did this and is now stuck with a due bill.

If COR refuses to pay then all new shareholders who bought after the record date may end up getting a margin call. This is why etrade may be acting proactively. Unless etrade is the only one that has these new shareholders.

The company is liable only on shares before the record date unless it too was selling. Don't think they sold any shares, instead were buyers - buying 300 million or so shares for 700k and getting 3.3 million from COR due to the Due Bill.

The only issue is the company financials maybe a scam but looks like it is either COR or shareholders in trouble if COR refuses to pay their due bill. COR was Lille not shorting; instead should have waited till after ex dividend date to sell. That is why the special dividend rule is in place. To prevent share price from dropping significantly until the dividend is paid and preventing margin calls. Instead COR used the opportunity of other buyers to sell into strength and making significant money. Explains why share price never moved up.