James Monroe Capital Corp (JMON)

[rca]

No they don't have to tell us anything. I'm talking about the magical appearance of several billion free trading shares which, unless there is some form of legitimate debt issue, is normally 144 stock (and not free trading).

I know they also issued restricted shares, and I would have no problem with that considering the merger with entities and bonuses for officers, etc.

But how does a company as young as May 2006 legitimately issue non-restricted shares -- all of which apparently found their way onto the market. There'd have had to be some form of conversion by a non-insider. Pinkie or not, newly issued insider shares -- even if based on a conversion -- should be considered restricted. If it's not an insider move, then releasing details could only help, not hurt.