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janice shell

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janice shell

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Re: Helter Skelter post# 177

Friday, 01/26/2018 5:04:21 PM

Friday, January 26, 2018 5:04:21 PM

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Well, what happened in 2004 sort of fell between the cracks. There was really nothing the SEC could have done. CNDL filed a Form 15 to deregister voluntarily, so it wasn't a delinquent filer. I think it was simply that Fix didn't realize he should report what had happened to NASD/FINRA. FINRA doesn't read company filings, so it'd have been unaware of what had happened.

The then-shareholders of CNDL made out very well when Candlewood Suites was sold, I believe.
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