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Re: janice shell post# 60024

Thursday, 07/13/2017 1:30:24 AM

Thursday, July 13, 2017 1:30:24 AM

Post# of 64475
I believe you are correct. They sold exempt securities under Reg D. I'm not an attorney, but it seems that since they are not registrants they do not have to adhere to "17 CFR Part 229, Subpart 229.1200 - Disclosure by Registrants Engaged in Oil and Gas Producing Activities"

https://www.law.cornell.edu/cfr/text/17/part-229/subpart-229.1200

It doesn't mean they can lie about assets, but the contentious Gustavson Report and its use to justify the assets may not be illegal. Janice, what do you think?