Calissio Resources Group Inc (CRGP)

[halbaag]

One big problem with your statement is the concept of illegally issued shares. Since when has it ever been illegal to issue shares to cover debt? If it was illegal in this circumstance then a lot of company directors would be headed to jail. After the special divvy was announced, the debt was converted to shares (not illegal). Those debt converted shares were then sold on the market which resulted in a huge share value drop, leading to the enforcement of DTCC's special divvy rules. CRGP took advantage of this and bought shares back using their feigned ignorance as a cover. But in the end there is nothing illegal about this process. Yes, CRGP was probably not ignorant this would occur. And they tried to cover up and state their ignorance by submitting a quick apology email. But they knew it was all legal, and that the ruling would go in their favor with or without an apology. COR can only go after its clients here which will force them into bankrupcty probably. Maybe CRGP might get shafted here too. But shareholders who purchased the shares in good faith will in all likelihood be protected.

But a couple unknowns are still in this mix. So it's hard to say yet for sure what will happen. There may be some illegality mixed into this story, and that remains to be revealed.


$CRGP