InvestorsHub Logo
Followers 16
Posts 983
Boards Moderated 0
Alias Born 02/07/2017

Re: Jocynda post# 50656

Sunday, 04/15/2018 10:26:03 AM

Sunday, April 15, 2018 10:26:03 AM

Post# of 55136
This was posted by 'nodummy' on another board. It appears relevant here as Alpine continues to be brought up. Speculation right now as to what will happen.


I'm not sure at this point that there has been a ruling in the SEC case against Alpine. I haven't seen any ruling posted. It is mostly people speculating that the SEC coming down on Alpine will result in major changes to Alpine's approach to how it clears stock for rule 144 debt conversions for penny stocks. Quite possibly, it will, which will further the already existing trend of financiers moving away from convertible debt Notes and towards 3(a)10 debt transactions. At least until the SEC starts to scrutinize the 3(a)10 transactions which I fully expect that they will in the not too distant future.

I'm not an expert on this stuff, but that's my current understanding of the whole situation. I hope that helps.