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Re: uksausage post# 87391

Thursday, 10/27/2016 8:14:29 AM

Thursday, October 27, 2016 8:14:29 AM

Post# of 329537
That's exactly what I said. They park the shares with Kelly (IBEX) until she can dump them as unrestricted shares to individuals who wouldn't buy restricted. Kelly gives half of those proceeds to BIEL in return for a new note and simultaneously converts an existing note to reload on shares for her to hold for later. Its a blatant attempt to circumvent SEC rules by using a related company. They will face the consequences of their actions soon enough.