Because the X205 shares are not registered with the SEC, and because TD Ameritrade does not have any of those shares in its possession, acquiring X205 shares to transfer to Haviland would require TD Ameritrade to “offer to buy,” and then to deliver, a security for which no registration statement has been filed,
The 205 share certificates Megas and Sytner sold were not from company stock. Again - they had two certificates - 250,000,000 each - cut in their names. You purchased your share certificates cut from these two certificates. Not certificates cut new from the company.
At that time you did not/could not know these were not registered with the SEC.
You were led to believe value of a sort was going to be placed into Bancorp.
This 205 issue is well after and unrelated to the 106 issue. It was Megas who intrinsically entwined them together on YOUR behalf.
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