Calissio Resources Group Inc (CRGP)

[halbaag]

Yes, you are correct in that it is a strange and nonsensical concept that innocent shareholders should receive consideration when an illegal dividend has been issued. But that is just how it is, in many cases.

Yes, the DTCC can make a post payable adjustment. Yes, the court can appoint a limited power receiver, which can request this adjustment.

It is also possible for the court to scope the post payable adjustment to affect only CRGP directors and affiliates if it were possible to track the accounting down. I believe it is, since COR clearing seems to have direct knowledge of the shares CRGP bought. That is the best case scenario for shareholders. The worst case scenario is a post payable adjustment across the board. It is doubtful that this will happen due to the devastating effects it would cause to shareholders who bought in good faith (precedents here), but it is possible.

$CRGP