Thursday, December 07, 2006 2:10:10 PM
Remember how we were told that we were getting pups shares once that company registered them. Then later we found out in an SEC filing by NEOM that the shares are not registered and there is no provisions to make them register them, so our dividends sit in limbo and are worthless. These shares of NEWCO fall in that same catagory, because there is no provision for NEWCO to ever have to register them either by State or by the SEC so they can be traded or sold without restriction.
So watch down the road for NEOM to tell its shareholders its giving them a dividend of NEWCO shares, LOL. Like the IPOINT and PUPS thats they cant force the companies to register, but many a shareholder will be jumping for glee, not realizing the shares are worthless if they cant get and trade them.
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