Bob
A very serious question to the board
Section 1.04
Registration Rights. The Company is obligated to register the resale of the Conversion Shares under the Securities Act of 1933, as amended, or provide Holder with an appropriate exemption from registration.
The above paragraph was taken from one of convertable debentures from the last SEC filings.
Now I cannot find any such registration or exemption anywhere (And I've searched through a lot of stuff)
Is it plausible that the 4.4 billion shares that were announced in early June have NEVER been floated?
If this the case then could they have been shortsold on the Authorization alone?
To remind everyone YTD volume 2006 24,375,182,871 (24 billion not including August)
Is this why Pershing LLC are asking $1000 per share, do they know something we do not?
Goldie
UNCN www.uncn.com
Disclaimer - I am not a basher, disgruntled ex-employee, hedge fund employee etc etc. I am a regular guy who is fed up with people being scammed.
