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Re: emdyal post# 320121

Saturday, 12/10/2016 2:06:35 AM

Saturday, December 10, 2016 2:06:35 AM

Post# of 360867
I am sure that possibility has occurred to many of the long term shareholders. But all we can do is wait and see if they file the necessary forms in a few days to indicate their activities as the law requires.

Many of us here have lamented over our collective concerns for having a gagged transfer agent and with the "official" number of shares outstanding pegged at a number way lower than the total number being traded these days, outwardly it would appear that the entire capital structure (and then some) is now being traded everyday. But while most know better and that this is likely due to the CD conversion of the toxic debt, something like this that would of course be a material event and thus reportable remains concerning as it simply goes unreported. Not a peep from the management team. And it seems to me that this situation might at least suggest that as long as this remains to be the case - technically every one of those short term flippers could have some obligation to report their ownership as it crosses the 4% ownership threshold based on the most recent post RS capital structure. And I don't know about anyone else on this board but I have not seen any such filings with the SEC.

Anyone else wondering if the publically reported change in certified public accountanting firms has any bearing on these circumstances as well as presumable concerns for how they would be paid on a continuing basis. MTO - any thoughts on this?